AI Summary

Bill Ackman said the stock market is broken, warning that speculative trading and high leverage are causing wild price swings. He told CNBC’s “Squawk Box” on Tuesday that he feels the markets are broken “every number of days.” Ackman noted that stocks trade at prices that “make no sense” to him. He added that while such volatility can benefit long‑term investors who buy at low prices, it is not good for the country overall.

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