Here is the full interview of Paul Tudor Jones with CNBC. Of course he had to be asked first about the news cycle event of the North Korea summit, but Jones said he thought that it would be an event that won’t be that important for the markets and will just fade away.
More importantly Jones sees some sort of repeat of 1987 stock market scenario unfolding the rest of this year.
You don’t have to agree with everything Jones says, but you should take it seriously because he is not some CNBC “Fast Money” reality TV trading star. He is one of the most successful money managers of our lifetime.