Watch CNBC's full interview with legendary investor Paul Tudor Jones at Davos

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Paul Tudor Jones, chairman of JUST Capital and chief investment officer of Tudor Investment Corporation, joins "Squawk Box" to discuss the markets, interest rates, the world economy and more.
Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the latter stages of the bull market in 1999 that saw a giant surge that ultimately ended with the popping of the dot-com bubble.
“We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination,” Jones said on CNBC’s “Squawk Box” on Tuesday at the World Economic Forum in Davos, Switzerland. “It reminds me a lot of the early ’99. In early ’99 we had 1.6% PCE, 2.3% CPI. We have the exact same metrics today.”
“The difference is fed funds were 4.75%; today it’s 1.62%. And back then we had budget surplus and we’ve got a 5% budget deficit,” Jones added. “Crazy times.”
Asked if investors should sell now to avoid a blow-up like the one that took place in March of 2000, Jones said, “Not really. The train has got a long, long way to go if you think about it.”
The legendary hedge fund manager and trader noted that the Nasdaq Composite more than doubled from a similar stage to the dot-com bubble top. “That’s a long way from now. At the top theoretically, rates [would] be substantially higher.”
The stock market hit a peak in 2000 before the dot-com bubble burst. The tech-heavy Nasdaq Composite approached 5,000 in early 2000 then dove thousands of points, crushing investors.
Jones, founder and chief investment officer of Tudor Investment Corporation, warned that the new “curveball” to derail the bull market could be the outbreak of the coronavirus.
“That’s a big deal. If you look at what happened in 2003 ... stock markets sold off double digits. If you look at the escalation of the reported cases, it feels a lot like that,” Jones said. “There’s no vaccination. There’s no cure. ... If I was an investor, I’d be really nervous.”
The virus, stemming from Wuhan, China, has killed six people with confirmed cases in China totaling nearly 300 as of Monday, less than a week before Lunar New Year, when millions of Chinese travel at home and abroad.
The Centers for Disease Control told Reuters Tuesday that a traveler from China was diagnosed with the first U.S. case of coronavirus in Seattle.
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Ummæli

  1. sue musk
    sue musk
    23 dögum síðan

    Finally an interview with someone interesting! Love this guy! Humble, intelligent, honest!

  2. Vincenzo Pace
    Vincenzo Pace
    Mánuði síðan

    If he is investing using tactical asset allocation then shorted the market both to protect risk but also benefit

  3. Shoy Lu
    Shoy Lu
    2 mánuðum síðan

    Joe Kerner, has no clue about anything. " we know a lot about this virus" just shows how ignorant this man is and how he says things with out any facts or knowledge, hence ignorant. Joe Tudor Jones a true trader with views and common sense.

  4. Jimbo Slice
    Jimbo Slice
    2 mánuðum síðan

    Paul Tudor Jones is a legend y’all don’t even know -jimbo

  5. krosfyah
    krosfyah
    2 mánuðum síðan

    3:15 “118 cases in Hong Kong, that’s a huge deal”. 5 months later, 10.3million confirmed cases. PTJ was calling this what it was before most had even heard of it or wanted to acknowledge the threat.

  6. 오준형
    오준형
    3 mánuðum síðan

    he is deepstate.

  7. veeecos
    veeecos
    3 mánuðum síðan

    Guy absolutely nailed it.

  8. Investors Archive
    Investors Archive
    4 mánuðum síðan

    Paul Tudor Jones Documentary ispulse.info/video/kaexb6WQnJqfYpo.html

  9. Micah James
    Micah James
    4 mánuðum síðan

    This is one man i will love to be mentored from. 🤕

  10. Shirley Diwert
    Shirley Diwert
    4 mánuðum síðan

    Sorry Mr Jones I know you're legend, but I tudi stock mkt to understnd & this is the mist evil industry excrpt for real estate. There arr mny of us thatferl this is evil. We couldcnge our od so all hve enough, but the mkt gsmes hsve captured msny people's lifr. Money is phoney fiat, but this playing with it vs using it to help the needy. You tslk freedo, but mny of us tt worked all our lives are hojeless due to mkt tinting RE eg ( the big short ). I feel all of you are sick & the Robin Hood gsme doesn't give people dignity, but our systrm lso does nt let them feel success as our ide of success is not making a crsp lod of money. Our idea of sccess is seeing sll penjoy life, hsve enough, helping othes, not collecting homes, cars, & all trpping. As Eschler paintings show, you ladder to success isnot ours, but we must live inflated houses with high rent whe n we k litte money. It is thd real estste cbsl mnopolh fter thd dtovk mkg mknopllh. All of yoj hvd inddr perks so it like chetjng= fstef comuterd, a tes , quik ngofmaion you ysd OPM- other people's money. We don't want tk play these games get hurt /destroy others' lives . But we should be allowed to earn enough to live. It's a sad world you helped carve for all of us. Perhaps we can get back to being human being now vs slaves- since fist is phoney anyway, don't you think it's time to end our suffering from your inflation ue to so much money printing ( part of which paid yoj big wage, bnuses, stock options). I would go on but the top thinks we don't understsnd (we do, e knkw it's all lies , cheating, greed etc ). We know a lot, too much as we've lived in countries yo horted, decimated.

  11. tomminterbobby
    tomminterbobby
    4 mánuðum síðan

    Watched it Feb also.

  12. Esoteric Crypto’s
    Esoteric Crypto’s
    4 mánuðum síðan

    And this is why he gets Bitcoin, they have no idea how smart this guy is when it comes to understanding the words Monetary system and what’s about to take place, he was right about the economy, and he’s right about Bitcoin... don’t be on the wrong side of history.

  13. H
    H
    5 mánuðum síðan

    PTJ called it! The guy still has it. The virus definitely was a curve ball, alright

  14. 김현우
    김현우
    5 mánuðum síðan

    와... 코로나 바이러스에 대한 견해... 빈틈없다.

  15. minimumtrade
    minimumtrade
    6 mánuðum síðan

    Came back to revisit this 2 months later....

  16. soulmate
    soulmate
    6 mánuðum síðan

    Can someone please tell Ray Dalio that cash is King!

  17. Bob & Ann
    Bob & Ann
    6 mánuðum síðan

    Martin Armstrong is a Legend and Paul follows him.

  18. Art S
    Art S
    6 mánuðum síðan

    He warned us 2 months before the virus hit that it could be very serious.

  19. Ayn Ml
    Ayn Ml
    6 mánuðum síðan

    I wish I should have listened to this guy. I was watching this video when released and shrugged off when he said the virus was a serious danger to the stock market. stupid me.

    1. Mitt Obama
      Mitt Obama
      4 mánuðum síðan

      @Hadi Diego Shaditalab Too late already. Market is almost back to record highs.

    2. Hadi Diego Shaditalab
      Hadi Diego Shaditalab
      4 mánuðum síðan

      I saw it coming. Sold off all my positions before the big drop. Waiting to see when to re-enter

    3. Raza Agha
      Raza Agha
      5 mánuðum síðan

      Ayn Ml lol same. I came back to this video cuz i was laughing when he said that Coronavirus was a real threat.

  20. Fabian Hidalgo Torres
    Fabian Hidalgo Torres
    6 mánuðum síðan

    1:33 to 3:30 great call

  21. bigfatgirls33
    bigfatgirls33
    6 mánuðum síðan

    calls it again

  22. William Andrews
    William Andrews
    7 mánuðum síðan

    United States politicians have wasted hundreds of Billions of dollars that they could have spent on practical research to develop vaccines and anti-viral treatments. You reap what you sow.

  23. Kevin
    Kevin
    7 mánuðum síðan

    He made me realize the difference between stock investing and stock trading

  24. _
    _
    7 mánuðum síðan

    *THIS CHANNEL SUCKS*

  25. Jagroop Dhillon
    Jagroop Dhillon
    7 mánuðum síðan

    His interviews in Market Wizards are special. Anyone that made money in 1987 can destroy today’s market.

  26. Lisa Bloom
    Lisa Bloom
    7 mánuðum síðan

    Everything used to be so overwhelming, I made lots of mistakes that cost me thousands but luckily one day I saw on a business evening show this professional trader ‘ Pamela Joy Andrus ‘ and she sounded so intelligent I had to search her up and I contacted her and I invested massively with her to trade for me and I made my first million after a few years.

  27. Nathan Satter
    Nathan Satter
    7 mánuðum síðan

    We need people like this in politics! Sadly why would he ever want to do that?

  28. Jason Voss
    Jason Voss
    7 mánuðum síðan

    If you like what Paul is saying, you would probably love Amory Lovins, author of Natural Capitalism. Brilliant practical ideas.

  29. Ethan Cervantes
    Ethan Cervantes
    7 mánuðum síðan

    "118 cases, that's a huge deal" 2/3/2020: over 20,000 cases in China, over 400 deaths...

    1. Seba T
      Seba T
      7 mánuðum síðan

      he was talking about Hong Kong, ie. how it is spreading to other countries

  30. Dan Farfan
    Dan Farfan
    7 mánuðum síðan

    "Shareholder returns" at < 2% ?? I guess the producers in the finance sector of the economy don't craft goods and services practical for consumers at all income levels.

  31. wldnemesis
    wldnemesis
    7 mánuðum síðan

    we had the calm before the storm...we are now in the storm, hopefully, it will be quick and all will be fine

  32. grey one
    grey one
    7 mánuðum síðan

    PREACH MR. JONES

  33. shangpush
    shangpush
    7 mánuðum síðan

    Waiting and waiting for Joe to chime in with some good old-fashioned "profits at any cost" rhetoric. Sorry Joe: very encouraging comments about CEOs now willing to refocus business practices. It suggests to me that many more players in corporate America would embrace bottom up reform, and that, among the Democratic field, Michael Bloomberg would be the ideal Presidential candidate to bring that about.

  34. Mr. Milli
    Mr. Milli
    7 mánuðum síðan

    BTC ETH XRP ZEC

  35. Luke Ivers
    Luke Ivers
    7 mánuðum síðan

    Why all the layers? Are news studio's not heated in Switzerland?

    1. PitaPit Manager
      PitaPit Manager
      6 mánuðum síðan

      they are sitting outside

  36. Jimmaculate
    Jimmaculate
    8 mánuðum síðan

    bernie is just another trump-hater embraced by the democrat trump-hating trump-fearing media.

  37. noIMspartacus
    noIMspartacus
    8 mánuðum síðan

    LOL… I do find all these “analysis” by that pathetic muppet with delusions of adequacy, alonf with so-called “financial experts” and presstitutes really entertaining sometimes - especially as they are now also blaming the corona virus for the "downturn in the markets". Meanwhile, back in the real world, the more they keep pumping up the ponzi bubble - again - the bigger the pop, it will make the criminal insanity of 2007 look like a fart in a bathtub… FFS, if the “united” states GDP is nearly 3/4 mindless, debt fuelled consummer spending and they are already maxed out in surging credit card and other forms of debt because they already have 3 or 4 or more TVs, phones etc. - and are also getting screwed on health care, student, car and now AGAIN on home loans - at the end of the day they can NOT afford to buy any more crap! And NO amount of absurd inflation or “employment” and “income” figures can change that! Therefore China WILL slowdown as their mindless consumption and increased debt won’t pick up the slack, which means they will be needing less raw materials which will affect many countries - especially Australia and Canada! And THAT “virus” will definitely spread around the world! Now add to that the fucking FED with Wall st. and the cesspit of London playing silly buggers with more “QE” (which makes other similar insanity look like small change in comparison) as well as the REPO fiasco and the parasites re-buy and trying to re-package - AGAIN - their grossly over valued crap, anyone really paying attention can see that the fan is now spinning out of control - AGAIN! So yeah, with many major players in recent years also grabbing as much gold as they can lay their hands on, what could possibly go wrong with the dollar?

    1. noIMspartacus
      noIMspartacus
      7 mánuðum síðan

      @Tudor Conciu Thanks for your contradictory reply... I found it also rather amusing...

    2. Tudor Conciu
      Tudor Conciu
      7 mánuðum síðan

      noIMspartacus Right now I would say that we are in risk off, that is why you see JPY, CHF and gold continuing to appreciate, and the high beta currencies continue to fall. And why are we in risk off, because of the coronavirus. I get what you are saying BUT right now the market is focused on the coronavirus, every time there is negative news regarding the virus the safe haven's continue to appreciate. Of course all of that can change depending on the progress made or lack of progress. The market isn't focused on what you are saying, and it clearly shows that by the way it's acting....... I rarely listen to people but when I do I listen to what Paul Tudor has to say, because he knows a LOT more than me and you! And why do I say that? Look at his accomplishments as a trader....... and being able to predict the outcome, enough said

  38. david ouellette
    david ouellette
    8 mánuðum síðan

    THEY HAVE FOUND A WAY FOR MAS THEFT AND GET AWAY WITH IT

  39. Guenzburgh Dcl
    Guenzburgh Dcl
    8 mánuðum síðan

    Another hypocritical virtue signaler talking utter nonsense

  40. Frank Mayo
    Frank Mayo
    8 mánuðum síðan

    Why would anyone want to hold stock in any company that isn't putting their best interests first...buy gold people, this shit is gonna blow.