David Tepper says don't fight the Fed, and investors don't plan to

Hedge fund billionaire David Tepper thinks the verdict following the latest Federal Reserve decision is this: Don't fight the Fed. "I don't love the multiples, but how do I not own it?" the Appaloosa Management founder said Thursday on CNBC's " Squawk Box " when talking about the stock market. "I'm not ever fighting this Fed, especially when the markets tell me I have, I don't know what it is today, but one and three quarter more cuts before the end of the year." "So, that's a tough thing not to own," Tepper said. Those comments come after the Fed's latest interest rate cut, along with signals that two more are coming this year, gave Wall Street the message that, on balance, the Fed will tilt more dovish moving forward. "Our probability-weighted Fed path remains a bit more dovish than mark