COOPERMAN'S OMEGA: 'There is a sizable risk' to the stock market
The Trump administration's failure to overturn Obamacare poses a big risk to investors, according to hedge fund Omega Advisors.
The failure to pass the American Health Care Act first time around puts the administration's ability to pass corporate tax reform in doubt, Omega founder Lee Cooperman and vice chairman Steve Einhorn wrote in a letter last week to investors.
That represents a risk, as strategists have assumed in their S&P 500 earnings models, Cooperma
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