Ken Griffin Doubts Stock Rally Can Continue Amid Economic Concerns Despite Citadel's Record $16B Earnings

Ken Griffin said he has doubts about the stock market rally continuing due to concerns about the economy.
The S&P 500 is up 16.8% this year, mainly driven by AI optimism.
Griffin thinks the Fed is close to ending rate hikes but unclear when cuts can happen.
Inflation is a concern, with gas prices rising; unlikely to hit 2% target without a recession.
Citadel earned $16B last year, becoming the most successful hedge fund ever, managing $61B.

nypost.com

Relevant topic timeline:

9/10/2023

Stocks Eye Inflation Data That Could Determine Path of Rally

U.S. stock investors are closely watching next week's inflation data, which may determine the future of the equity rally, as signs of a soft landing for the U.S. economy have contributed to the S&P 500's gains, but too high inflation could lead to fears of higher interest rates and stock sell-offs.

9/15/2023

Citadel's Ken Griffin voices anxiety over 2023 stock rally amid Fed rate hikes

Hedge-fund manager Ken Griffin is skeptical about the sustainability of the stock market rally due to the potential impact of higher interest rates on the US economy.

9/20/2023

Billionaire Ken Griffin Worried About Stock Market, But Still Betting Big on Microsoft and Amazon Amid AI Growth

Billionaire investor Ken Griffin predicts a potential crash in the tech stock market due to the Federal Reserve's interest rate policy, but he remains bullish on Microsoft and Amazon, having significantly increased his holdings in both companies.