Here's Why George Soros' Bet Against the S&P 500 Is Wrong

Billionaire investor George Soros is out with a huge bet against the S&P 500, but there are plenty of reasons for stocks to keep climbing, according to one analyst. 'That's the beauty of this market,' said Maximilian Kunkel, a cross-asset strategist at UBS Wealth Management, based in Zurich. 'You have many different opinions making up this market. We stand on the other side of the spectrum.' Soros' fund, Soros Fund Management, revealed put options on 4 million shares of an exchange traded fund linked to the S&P 500, per a regulatory document. On a six month period, Kunkel expects U.S. stocks to grind higher, largely amid improvements in corporate earnings. TheStreet's Scott Gamm reports from Wall Street.