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David Tepper on Donald Trump, rate hikes and the stock market

Legendary billionaire investor David Tepper of Appaloosa Management shared his market views in an exclusive interview with CNBC's Scott Wapner on Monday.

From inception in 1993 through 2015, Tepper's main fund generated annual returns of 25 percent compared to the S&P 500 at 9.5 percent, according to market sources. Appaloosa Management had $18.5 billion of assets under management as of midyear.

He also discusses:

  • His candid opinion on the candidates
  • Government fiscal spending
  • His current cash position
  • The market's valuation
  • Federal Reserve rate hike cycle

To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.