By Bardil 
Renowned investor STEVE EISMAN has revealed he is adopting a wait-and-see strategy in the current stock market environment. In a recent interview with CNBC, Eisman emphasized that he has reduced risk in his personal portfolio due to ongoing market uncertainty.
“I’m waiting. I think we’re going to have volatility for quite a while. The Trump Administration has set up a situation where they’re going to be negotiating with multiple countries on multiple issues. It’s not going to take a couple of weeks, it’s going to take a few months, so I think, for the time being, volatility’s going to be here for a while,” Eisman stated.
Eisman, best known for his prescient bet against the housing market before the 2008 financial crisis, highlighted that companies like NVIDIA and Apollo Global Management possess strong long-term fundamentals. However, he remains cautious about short-term performance.
“I would not even hazard a guess as to what any stock will do over the next few months, simply because we’re in the type of market where… there’s only one variable that matters, and right now the variable that matters is the president of the United States, and I can’t handicap that right now,” he explained.
Regarding NVIDIA, Eisman expressed optimism, stating that the company is still in the early stages of the AI revolution and has significant growth potential.
Sources: CNBC