Dan Loeb said while he’s watching inflation and interest rates, the bigger concern is if investors are overly optimistic about earnings and economic growth.
“The more pressing issue is whether the rosy assumptions that everybody has about earnings growth this year and next year will be met,” Loeb said Thursday on a conference call discussing results for Third Point Reinsurance Ltd., where he oversees investments. “I’m not saying they won’t be met, but it’s definitely something, given some of the recent economic data which tends to be noisy, we need to keep an eye on.”
