U.S. soft landing is ‘wishful thinking,’ says billionaire businessman Thomas Peterffy. ‘The market should be much lower.’
July 25, 2023 at 15:31 PM EDT
Thomas Peterffy, the billionaire founder and chairman of electronic brokerage giant Interactive Brokers Group Inc., thinks the rally in the U.S. stock market is overdone, and views hopes for a soft landing for the U.S. economy as simply "wishful thinking."
