Markets
First Obama, Then Trump, Now They Say Warren Will Crush Stocks
- Paul Tudor Jones warns Warren will cause 25% plunge in S&P 500
- Before 2016 election, strategists said Trump would tank market
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Wall Street’s best minds are falling over themselves to describe the cataclysms that would befall equities should Elizabeth Warren get elected. It’s a brand of analysis whose recent track record is abysmal.
The S&P 500 will plunge 25% if the Democrat becomes president, says Paul Tudor Jones, the hedge fund manager. Discovery Capital Management founder Rob Citrone says she’s “the single biggest risk for the market” and calculates the downside at up to 20%. Billionaire Leon Cooperman told CNBC earlier this month that the market would drop 25% if Warren or Bernie Sanders win.