David Tepper, founder of Appaloosa Management whose comments have been known to move markets, said it's very difficult to be bearish on stocks right now and thinks the sell-off in Treasuries that has driven rates higher is likely over.

"Basically I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now," Tepper told CNBC

Notably, also called growth stocks like Amazon in particular, attractive right now.