David Einhorn Says US Should Prep for ‘Punch in the Face’

Greenlight Capital Inc. founder David Einhorn said he’s wary about the US’ ability to withstand the effects of a trade war with China and is neutral on US stocks overall.

China’s technological sophistication, cheaper labor and extensive preparations for economic conflict with the US mean that America should “be prepared to be punched in the face” in a trade fight, the long-short equity hedge fund manager said at the Sohn Montreal Investment Conference on Wednesday.