Michael Novogratz on Wall Street Week ~ market folly

Tuesday, May 26, 2015

Michael Novogratz on Wall Street Week

Anthony Scaramucci's rebooted show Wall Street Week recently interviewed Fortress Investment Group's Michael Novogratz.

He talked about how macro trading/investing is a mix of analyzing various inputs and that, "Trusting that intuition is the hardest part of this business."

Novogratz also talked about the activity in the bond market and how some investors are calling for a top.  He thinks the mentality has shifted from "buy the dip mentality to a sell the rip mentality."

He also thinks macro investing will enter some fertile ground soon.  With the Federal Reserve probably raising rates in September, he thinks that will trigger a series of portfolio adjustments.

Embedded below is the video of Novogratz's appearance on Wall Street Week:

Be sure to scroll through interviews with other prominent hedge fund managers on Wall Street Week here.

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