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Mr. Veru doesn't expect the Fed to pull back soon, though, and remains bullish on stocks.
WSJ: Stocks Give Up Early Gains
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"I've never seen so much anger and consternation out there, and how many big asset allocators are telling me they're terrified of the markets, " Mr. Veru said.
WSJ: Stocks Finish Strong
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While noting that Mr. Tepper was "not just another bull, " Mr. Veru said his remarks echoed what some in the market had believed: that many big investors are still reluctant to join the rally and will push stocks even higher if and when they do come around.
WSJ: Stocks Finish Strong