Hedge fund manager who is a multi-billionaire Paul Tudor JonesInvestors are facing a worse environment than ever because the Federal Reserve raises interest rates at a time when financial conditions are already getting more difficult.

Jones told CNBC that there is no worse place than the one we’re in for financial assets. “Squawk Box” Tuesday. Evidently, you do not want stocks or bonds.

On Wednesday, the Fed is likely to announce a half percentage point hike in its benchmark interest rates to curb inflation that has risen to an all-time high of 40 years.

Tudor Investment Corp. founder and chief investor officer, Tudor Investment Corp., believes that investors find themselves in an “uncharted area” because the central bank has not eased monetary policies during economic slowdowns or financial crises. In such difficult economic times, he said that investors must prioritize capital preservation to be able to do “virtually everything.”

“I think we’re in one of those very difficult periods where simply capital preservation is I think the most important thing we can strive for,” Jones said. I don’t know whether it will be one where money is actually being made.

Wall Street is increasingly concerned about the possibility that the central banks could push the economy back into recession while it still faces a pandemic. They will tighten their belts to keep prices from exploding.

Jones explained that Jones saw inflation, slower growth and both are going to continue clashing.

A trader for over 30 years said that there was extreme volatility and he will consider trend-following strategy ownership. This type of strategy often uses algorithmic models in order to spot price trends.

Jones stated that Jones would use simple trend-following strategies if there were a strategy he wanted to implement right now. They aren’t very popular right now… They are likely to do well over the next 5-10 years.”

Jones gained fame following the prediction and subsequent profit from 1987’s stock market crash.  Jones is the Chairman of Just Capital, a non-profit organization that ranks U.S. public companies on environmental and social metrics.