Billionaire investor Leon Cooperman has expressed concern over the U.S. economy, emphasizing that it is heading toward a fiscal disaster due to rising national debt, while suggesting that the current market remains relatively valued given the bond rates. He highlighted Fidelis Insurance Holdings Limited as an undervalued investment opportunity, especially after its recent announcement of a significant stock buyback. Cooperman believes that the insurance sector is lagging despite generating excess capital and engaging in stock repurchases. He anticipates a possible Federal Reserve rate cut in September, which could yield a slow positive trend in bond yields.
