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Stock impact report

David Einhorn to speak as priciest market in decades in his view gets even pricier postelection [CNBC]

Viatris Inc. (VTRS) 
Company Research Source: CNBC
Hedge fund investor David Einhorn's cautious stance all year made his performance suffer as he navigated what he believes is the priciest stock market of his career at Greenlight Capital. Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, net of fees and expenses. That compares with the S&P 500 's more than 20% gain during the same period. The high-profile investor said he's neither calling the market a bubble nor being outright bearish, but sky-high prices caused him to be conservatively positioned. “The market isn't just making all-time highs. It is, by many measures, the most expensive stock market that we have seen since the founding of Greenlight,” Einhorn said in the latest investor letter last month. Einhorn founded Greenlight in 1996. Einhorn is speaking at CNBC's Delivering Alpha Investor Summit on Wednesday in New York City. It will be the first chance for investors to hear from Einhorn postelection and whether his views on equity va Show less Read more
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