Wall Street legend David Tepper, who owns two large homes in the Hamptons, is somewhere smiling right now.
And he will probably get a lot of drinks bought for him this summer.
Yesterday he was on CNBC for an interview that is being credited for dramatically changing the stock market sentiment toward the upside. He made a compelling case for stocks and said that stocks were going to continue to go higher throughout the year. The CNBC interview is being credited for helping move the entire stock market to a new record high.
No wonder he decided to buy another house this year. Tepper isn’t the only one who’s smiling. With Wall Street doing well, the economy during summertime in the Hamptons does well too. Champagne, anyone?
Check out the interview below.