Paul Tudor Jones warns US equity market is more dependent on stock prices than ever. Current equity valuation extremes exceed levels seen in 1929, 1987, and dot-com era of 2000
Paul Tudor Jones says the US is more dependent on equity prices than ever, and explains what a 35% correction would trigger in the economy: “We’re 252% of stock market cap to GDP. In 1929 we were 65%. In 1987 …