2019-10-30 -Signs, Portents, and the Weather-
|
Two more billionaires say the 2020 election could trigger a market plunge
|
[MarketWatch] Comments from the pair of deep-pocketed investors join others including Leon Cooperman and Robert Citrone That’s how Steve Cohen, the man behind the$15 billion hedge fund Point72 Asset Management, sees the run-up to the 2020 election playing out for investors.
Cohen was speaking at the Robin Hood Investors Conference in New York on Monday, according to Bloomberg. He was joined by fellow hedge-fund billionaire Paul Tudor Jones, who agreed the market is careening toward a volatile future.
For his part, Jones said that if Elizabeth Warren were to win the election, the S&P 500 SPX, -0.08% would drop by about 25% and economic growth in the U.S. would slip to 1% from estimates of more than 2% this year.
Cohen predicted Warren only need win the Democratic nomination for a double-digit drop in the stock market to take place, according to Bloomberg’s report.
The views of Cohen and Jones echo those of fellow Wall Street billionaires Rob Citrone and Leon Cooperman, in making bearish market forecasts should Warren’s rise toward the White House continue.
Jones told the audience that Warren’s more centrist opponents, like Joe Biden and Pete Buttigieg, would also be a drag on the market, just not as severe.
Trump, on the other hand, would boost the S&P 500 to 3,600, Jones estimated, which would be an 18% surge from the close of trading on Monday
|
Posted by 3dc 2019-10-30 00:00||
||
Front Page|| [7 views ]
Top
|
Posted by Dron66046 2019-10-30 05:57||
2019-10-30 05:57||
Front Page
Top
|
Posted by Lex 2019-10-30 11:44||
2019-10-30 11:44||
Front Page
Top
|
Posted by Lex 2019-10-30 11:44||
2019-10-30 11:44||
Front Page
Top
|
Posted by PBMcL 2019-10-30 11:46||
2019-10-30 11:46||
Front Page
Top
|
Posted by lord garth 2019-10-30 13:20||
2019-10-30 13:20||
Front Page
Top
|
Posted by rjschwarz 2019-10-30 13:59||
2019-10-30 13:59||
Front Page
Top
|
Posted by Rambler in Virginia 2019-10-30 17:10||
2019-10-30 17:10||
Front Page
Top
|
|
03:22 Besoeker
03:13 badanov
02:07 Grom the Reflective
02:06 Grom the Reflective
02:05 Angealing+B.+Hayes4677
02:03 Grom the Reflective
01:03 DooDahMan
01:00 DooDahMan
00:58 Grom the Reflective
00:35 Uleremp and Company7042
00:34 3dc
00:32 Uleremp and Company7042
00:14 DooDahMan
|