Hedge fund manager Paul Tudor Jones predicts “an explosion” of economic growth in the coming year as a coronavirus vaccine becomes increasingly available. This according to an article in Yahoo Finance.

The article reports that Wall Street is becoming increasingly bullish as the vaccine roll-out process heats up with Pfizer, BioNTech and Moderna. “Reflecting that mood,” it adds, Jones “expects risk appetite to rebound even further, especially with Congress and the Federal Reserve pumping more stimulus.”

In an interview with Yahoo Finance, Jones said, “The vaccine’s going to bring us back. We’re going to have an incredible growth rebound,” as pent-up demand emerges. He predicts a second quarter “explosion” in retail “and virtually every other level,” the article notes. “You’re going to have this just massive boom,” Jones asserts, adding that fixed income will dip and commodities “will probably go up.”

Jones points out that 20 years ago, real rates were about 250 basis points compared to nominal rates near 6%, and the market was “still able to achieve lofty valuations.” Today, he says, real rates are negative 200 basis points versus nominal rates of 0%.