David Tepper, who has been running distressed debt hedge fund Appaloosa Management for the past twenty years, is crushing it this year.
Meanwhile, the S&P is up about 19.7% this year.
Tepper was up 5.5% in July net of fees.
He’s still bullish on stocks.
He told Wapner that he finds them “reasonable” and that he’s still long. (more…)