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You are here: Home / Top Stories / Market Extra: ‘The market should be much lower,’ says billionaire businessman Thomas Peterffy. U.S. soft landing is ‘wishful thinking’

Market Extra: ‘The market should be much lower,’ says billionaire businessman Thomas Peterffy. U.S. soft landing is ‘wishful thinking’

July 26, 2023 by MarketWatch.com - Top Stories

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.”

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