Long-time bear David Tice believes the market has become a house of cards.
The AdvisorShares Ranger Equity Bear ETF manager warns unprecedented Federal Reserve policies designed to mitigate the coronavirus fallout is creating major damage.
“I find the biggest disconnect that we’ve ever seen in my 35-year history of watching Wall Street between fundamentals of the economy and the stock market,” he told CNBC’s “Trading Nation” on Thursday. “Markets need to be markets, and we can’t have that kind of intervention.”
Even though Tice believes it was necessary for the Fed help the market and economy, he believes they went