David Einhorn says the Fed will cut 'substantially more' than two times

• David Einhorn anticipates the Fed will cut rates 'substantially more' than the two times currently priced in by traders for this year.
• He believes that even with a 'hot' economy, like the recent jobs report, the Fed can still justify cuts, potentially citing productivity.
• Einhorn is actively playing this view by betting on more cuts through interest rate futures, noting it 'very well could be' good for the equity market.

David Einhorn of Greenlight Capital predicts the Federal Reserve will implement 'substantially more' than two interest rate cuts by the end of this year, contrary to current market expectations. He argues that strong economic data doesn't necessarily prevent cuts, and he is betting on this outcome through interest rate futures.