‘Too Rich’ Stocks Are Going Down: Leon Cooperman’s 2024 Market Take 02/06/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 February 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire investor Leon Cooperman forecasts that stocks could see losses this year, while long-duration Treasury yields could test higher again. The Omega Family Office chairman and CEO also discusses the latest market trends, the Fed’s rate path decision, state of the economy, antisemitism on campus, the 2024 Presidential race, Elon Musk, and more. Shares of Palantir popped Tuesday, a day after the company released fourth-quarter earnings that detailed strong demand for its AI offerings. Plus, Boeing’s grappling with its latest issues, and Snap says it will lay off 10% of its workforce worldwide to “promote in-person collaboration.” Leon Cooperman - 13:33 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Leon Cooper, the outspoken investor on the economy.
0:13.5	I'm not a coin for recession, but I'm saying that I think that the market is discounted
0:17.5	the good news.
0:18.5	The Fed, college campuses, the presidential election.
0:21.8	In 2020, as a vote against against Trump I wrote it for Biden.
0:25.5	I will not vote for Biden again.
0:27.0	I think he's lost his step.
0:28.5	And so much more.
0:29.7	I might write it on you with Joe Curtis.
0:32.6	Plus the rest of today's stories that got us squawking.
0:35.7	Investors love AI.
0:37.6	We work 2.0 and Boeing facing flaws.
0:41.6	You know, they don't got a lot of extra ones where hey oh yeah we got one here
0:44.8	while we face flight delays. There's no room for air. It's Tuesday February 6th
0:50.9	2024 squawk pod begins right now.
0:54.0	Stand Becky by in three, two, one, queue please.
0:59.0	Good morning everybody and welcome to Squackbox right here on
1:02.6	c. We're live from the NASDAQ market site in Times Square. I'm Becky
1:06.8	Quick along with Joe Kurnen and Andrew Ross Sorkin. And stock news take a
1:10.8	look at this one. Palantier shares jumping sharply close to 20%,
	...

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