Carlyle’s David Rubenstein on stock market rally from coronavirus lows


Carlyle Group co-founder David Rubenstein told CNBC on Monday he is “still a little nervous” about the stock market’s robust rally from its coronavirus-era lows. 

“I think the market has somewhere more to go, but on the other hand, I don’t think it can keep going up forever at this pace,” Rubenstein said on “Squawk Box.” “I think there will be a pause at some point.” 

Rubenstein’s comments come as both the S&P 500 and Dow Jones Industrial Average are set to post their best August performance in more than 30 years, with gains of 7.2% and over 8%, respectively, before the final day of trading in the month.

Since their intraday bottoms on March 23, following a weekslong sell-off induced…


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