Leon Cooperman Favors Stocks Over Bonds Despite a Looming Recession
- Omega chairman says yields too low, making stocks look good
- Sees a recession in 2023, stocks falling 35%-40% from peak
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US Treasury yields have risen rapidly this year, but billionaire investor Leon Cooperman thinks they’re still too low and said he’d choose stocks over bonds.
“I’d rather be in a common stock than I would be in a bond any day of the week, given the relative price of bonds versus equities,” the chairman and chief executive officer of Omega Family Office said in an interview with Bloomberg Television and Radio.