Giving President Donald Trump credit for the strength of the U.S. stock market is a “stretch,” said hedge fund manager Jim Chanos, a noted short seller.

Global equities are experiencing a “synchronized bull market,” fueled by years of the easy money policies of world central banks, he told CNBC’s “Fast Money Halftime Report” on Tuesday.

Chanos spoke from the sidelines of the CNBC-Institutional Investor Delivering Alpha conference in New York, where he’s set to deliver his best investment idea later in the afternoon.

To make his case, Chanos asked: Should Trump be given credit for markets — such as Mexico —rallying too? Chanos has been critical of Trump in the past.

Chanos, founder and managing partner of Kynikos Associates, is one of the largest short selling investment firms in the world.

Short selling is a form of trading in which traders can bet against a company by selling shares they don’t own and buying them back at a lower price.

The bull market has been creating great opportunities for betting against companies, but the up-trend has made it tough, said Chanos, whose shorts include Tesla.

He said he’s “passively” long the stock market and “short” individual ideas.

Chanos gained recognition for raising red flags with a prescient negative call on once high-flying Enron before the energy firm blew up in scandal.

Source: Investment Cnbc
Hedge fund manager Jim Chanos: Giving Trump credit for the rally in US stocks is a 'stretch'