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Dan Loeb Says CPI, Jobs May Have Exaggerated Economic Strength
Activist investor Dan Loeb said consumer prices and jobs data seem to have exaggerated the U.S. economy’s strength.
19 Feb 2023, 02:15 PM IST 
Daniel Loeb, founder and chief executive officer of Third Point LLC, speaks during the Active-Passive Investor Summit in New York, U.S., on Tuesday, Oct. 18, 2022. For more than a decade, this conference brings together the industry to meet, discuss, analyze and shape the development of the activist investing space.
(Bloomberg) -- Activist investor Dan Loeb said consumer prices and jobs data seem to have exaggerated the US economy’s strength.
The billionaire leader of New York-based Third Point said in a series of tweets that there are signs of a slowdown.
“I say this all with caution and await some confirmation next week on the jobs front,” said Loeb, who wrote a thread on Twitter in response to comments by Atreides Management’s Gavin Baker.
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