Trump Victory 'More Bearish' For Debt Market Than A Biden Win, Warns 'Bond King' Bill Gross
Portfolio Pulse from Benzinga Neuro
Bill Gross, co-founder of PIMCO, warns that a Trump re-election would be more bearish for the bond markets than a Biden win due to Trump's proposed tax cuts and rising U.S. deficits. Gross has moved away from his bond strategy and is skeptical about US equity markets, advising investors to temper their expectations.
May 27, 2024 | 4:59 am
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Bill Gross has expressed concerns about the potential impact of a Trump re-election on the bond markets, suggesting it would be more bearish and disruptive due to proposed tax cuts and rising deficits.
Gross's comments highlight the potential negative impact of Trump's policies on the bond markets, which could lead to increased volatility and investor caution.
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