Paul Tudor Jones: Geopolitical Risks and Weak Fiscal Position Make Stocks Unattractive

Billionaire hedge fund manager Paul Tudor Jones expressed caution towards investing in risk assets, particularly U.S. stocks, due to escalating geopolitical tensions and the weak fiscal position of the United States. Jones highlighted the Israel-Hamas conflict as the most threatening geopolitical event, which could lead to a risk-off market environment. He also pointed out that rising interest rates are worsening the U.S. fiscal health, creating an unsustainable debt situation. Jones stated that he would wait for a resolution to the Israel-Hamas conflict before considering investing in risk assets again, as he hasn't ruled out the possibility of a nuclear war.