Leon Cooperman's Warning on Trump's Tariffs

In a revealing interview with CNBC, billionaire investor Leon Cooperman didn't hold back his criticism of the Trump administration's tariff policies, labeling them a "mistake." The Omega Advisors CEO, aged 81, expressed concerns over the long-term economic repercussions, including heightened inflation and stunted growth. "You can't correct 30 years of economic mismanagement overnight," Cooperman remarked, suggesting that while President Trump's intentions might be in the right place, the pace of change is too rapid.

Market Predictions and Investor Advice

Cooperman also shared his insights on the stock market's future, indicating that the bottom has yet to be reached. His advice to investors was clear: "sell on strength." This cautious stance reflects his broader concerns about the current economic strategies and their potential to unsettle markets further.