Make these 9 top investments in a 'stock-picker's market' as economic growth continues, according to a bear-turned-bull whose hedge fund is up 155% in the last 5 years
. That's why he had a short position of 40% at the beginning of 2023, which was his highest ever.
"It was a very big bounce, and I think it probably was overdone," Lemonides said in an interview with Insider."And so I think investors did get complacent and overconfident on the way up. We've just seen, depending upon how you measure, a 3% to 5% correction in the past couple of weeks. It wouldn't be surprising to see that go another 3% to 5% in the near term.
The hedge fund manager said the economy can take another rate hike or two, even though investors may groan about it. As he put it,"it's just not the end of the world for the real world."
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