Billionaire Investor Palihapitiya Predicts Market Rally as Trillions in Cash Poised to Enter Stocks
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Billionaire Chamath Palihapitiya predicts a market rally as trillions in capital looks to be deployed.
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Palihapitiya says inflation is falling and the macro picture looks positive for the U.S.
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There is around $6 trillion in money market funds that will likely flow into equities.
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Palihapitiya believes the Fed will cut rates by mid-2024, which is good for equities.
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Palihapitiya is optimistic about prospects for the U.S. economy and equity markets.