(Adds comments on incoming Trump government, new long position in CNH, paragraphs 2-5)
By Carolina Mandl
NEW YORK, Nov 13 (Reuters) - Greenlight Capital President David Einhorn said on Wednesday he has added some inflationary protection to his hedge fund portfolio as he believes that inflation will go up under the government of President-elect Donald Trump.
Speaking at the CNBC Delivering Alpha conference, Einhorn said inflation is likely to be between 3.5% and 4.5% next year. In the 12 months through September, the consumer price index rose 2.6%, the Labor Department's Bureau of Labor Statistics said on Wednesday.
Government spending in the new administration will be higher, he said, while it is not clear how Trump's economic team will offset it.
Still, the hedge fund investor said he is not bearish about stocks, as U.S. economy is likely to continue growing.
Einhorn added that it is possible to find some bargains in the markets. He has added a long position in CNH Industrial
, which is down 17.5% year to date, as he expects the share price to rise.
(Reporting by Carolina Mandl in New York Editing by Matthew Lewis)
((carolina.mandl@thomsonreuters.com; +1 (917) 891-4931;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。