Billionaire investor Paul Tudor Jones forecasts the economy will see an 'absolute supersonic boom' in 2021

• Billionaire investor Paul Tudor Jones told Yahoo Finance the economy will see an explosion of growth next year as the coronavirus vaccine unleashes pent-up demand from consumers and investors.
• "I have four kids in their 20s. And, it's like a horse at the beginning of a race," said Jones. "They're just ready to get out and go crazy, like I think everyone else in the world."
• The investor added that the stock market is on a "combination of fiscal monetary pulse that we've never seen before in history," resulting in sky-high multiples.
• Visit Business Insider's homepage for more stories.

Billionaire investor Paul Tudor Jones told Yahoo finance there will be an "absolute, supersonic boom" in the economy in the second and third quarters of 2021 as the coronavirus vaccine unleashes pent-up demand across the US.

"The vaccine is going to bring us back. We're going to have an incredible growth rebound," Jones said.

"I have four kids in their 20s. And, it's like a horse at the beginning of a race," he added. "They're so ready to get to see their friends, to get to restaurants, to vacation. They're just ready to get out and go crazy, like I think everyone else in the world," he added.

The founder of Tudor Investment Corporation cited the beaten-down retail industry as one area that will experience a "second-quarter explosion" as more people are inoculated and resume their pre-COVID lifestyles.

Read more:A Wall Street analyst breaks down why e-commerce stocks are 'just getting started' and will continue to see massive growth even after vaccine distribution - and says these 4 are best-positioned for gains during the holiday shopping season

Jones also said that fiscal and monetary policies are pushing stock valuations to levels higher than the dotcom era. And with interest rates at historic lows, investors have no choice but to put their cash into stocks to generate returns, he said.

"I think the stock market's on a combination of fiscal monetary pulse that we've never seen before in history, nothing like this," the investor said.

As the economy booms with pent-up demand from consumers and investors, he sees commodities rallying, inflation ticking higher, and bonds pointing lower.

Jones is watching the outcome of the Georgia runoff races that will determine which political party holds the Senate. He said the results are a "50/50 toss up," but the post-vaccine economy will rally regardless of which party controls the Senate.