Warren Is ‘Single Biggest Risk for the Market,’ Citrone Says
- Hedge fund founder cites her positions on taxes, regulation
- Citrone predicts Turkey, Mexico moving toward economic crisis
This article is for subscribers only.
The rise of U.S. presidential contender Elizabeth Warren is “the single biggest risk for the market,” according to Rob Citrone, founder of hedge fund Discovery Capital Management.
“I think if Elizabeth Warren is leading the way into the February primaries, the S&P will be down 10, 15, 20%,” Citrone said at the C4K Investors Conference in Toronto on Wednesday. “Her policies on regulation, on taxes, on a lot of different things, are substantially different than anything we’ve had in our country before.”