Hedge fund manager Harris Kupperman is betting on Florida, the oil industry and specific commodities.

Assets rose after yesterday's impressive session, which essentially announced the end of the Federal Reserve Bank's interest rate hike campaign and drove bond prices higher. Not everyone is optimistic, however, with Citadel founder Ken Griffin and JPMorgan CEO Jamie Dimon cautioning that investors may be getting ahead of the curve.

But they face a serious blind spot, says Praetorian Capital hedge fund founder Harris Capperman: "The U.S. government is preparing for bankruptcy. They need to study what happened in Zimbabwe and plan accordingly. "

In an interview with MarketWatch on Monday ahead of the consumer inflation data, he said he now' 'overdue'.

The manager did predict the tech sector would fall in 2022 - he's not interested in the expensive top seven tech companies.

He notes some "impressive" earnings from Valaris, an oilfield services company whose shares the fund started buying when the price was below $20 - they are currently trading at $70 a share.

Valaris is currently earning just over $200,000 a day because of equipment lease payments, Kapperman notes, but rival Diamond Offshore just signed a lease worth more than $500,000 a day. Valaris has also signed new contracts for several months worth in' 'mines'.

"Almost every week we hear about a new positive development in the nuclear sector," he says. "I think the world is reconsidering nuclear power as the least of the bad energy options," the manager says.

The price probably needs to "go up significantly" to incentivize new mine construction, however, and sees 2025 as the peak of the uranium shortage. They see demand for 2024 in global volumes at 210 million pounds versus projected reserves of 160 million pounds.

Capperman invests in Sprott Physical Uranium Trust and UK uranium investment group Yellow Cake, but avoids small miners, which he sees as "speculative and risky".