Shark Tank investor Kevin O’Leary says it may be time to buy stocks as volatility returns

Kevin O’Leary
Kevin O’Leary said volatility has returned to the stock market, adding it may be time to buy. 
The “Shark Tank” star addressed uncertainty in markets about how aggressive the Fed will be. 
“There’s a bet going on in the market, you can see it as volatility,” he said. 

“Shark Tank” star and venture capitalist Kevin O’Leary said volatility has returned to markets, likely making it a good time to snap up stocks. 

His comments to CNBC came after US stocks plunged Tuesday with the the Dow Jones Industrial Average losing more than 1,200 points to mark its worst day since June 2020. The sharp fall came after US inflation readings came in hotter-than-expected after August CPI rose 8.3%, higher than the anticipated 8.1%. 

Tuesday’s session marked the seventh one-day drop of 4% or more this year so far, as the Federal Reserve’s tightening of monetary policy to fight inflation weighs on the broader stock market and causes investors to shun risk assets.

O’Leary however,…

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This article was written by [email protected] (Zahra Tayeb) and originally published on markets.businessinsider.com