The Tell: Billionaire David Tepper says batch marketplace tumbled too neatly Monday — so now he’s ‘nibbling’

Hedge-fund star David Tepper says that a batch market’s aroused Christmas Eve selloff has compelled him to “nibble” during beaten-down equities.

Speaking to CNBC’s Scott Wapner, Tepper pronounced a Dow Jones Industrial Average

DJIA, -2.91%

, a SP 500

SPX, -2.71%

and a Nasdaq Composite Index

COMP, -2.21%

, that all tumbled in a early mins of Monday trading, “had a flattering good move” lower.

According to twitter from Wapner, Tepper pragmatic that he was opportunistically buying, or “nibbling,” amid a session’s drop.

Tepper pronounced a marketplace “had a flattering good move” reduce progressing this morning and “[t]hought it was too many of a pierce …”

Stocks quickly came off event lows, though a SP 500 and a Dow are still trade neatly reduce early Monday, even as a Nasdaq Composite

COMP, -2.21%

poked into certain territory.

Despite a investor’s tweet, a batch marketplace logged a misfortune event on a day before Christmas in history. U.S. stock-market trade wrapped adult for Monday during 1 p.m. Eastern and will be sealed on Tuesday for Christmas.

Billionaire Tepper, one of Wall Street’s tip hedge-fund all-timers, has been reduction than bullish in new months, observant this tumble that he’d taken down his bearing to bonds during Appaloosa Management, where he manages some $14 billion.

Read: One of Wall Street’s many successful investors says a Fed stock-market salvation is left

Providing vicious information for a U.S. trade day. Subscribe to MarketWatch’s giveaway Need to Know newsletter. Sign adult here.

Mark DeCambre is MarketWatch’s markets editor. He is formed in New York. Follow him on Twitter @mdecambre.

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