The stock market could tank 50% if Sanders, Warren, or Buttigieg win the presidency, hedge-fund boss says
An election win for Sanders, Warren, or Buttigieg could tank the stock market by 50%, hedge-fund boss saysThe stock market could plunge by 30% to 50% if Bernie Sanders, Elizabeth Warren, or Pete Buttigieg are elected president next year, Virtus Capital boss Steven Gidumal warned this week,"If a Socialist is Elected, the Market will sell off BIG," the hedge-fund manager said in a conference presentation."Pick a Socialist - Bernie, Liz, Pete. etc. and the Market would sell off.
Gidumal added that President Donald Trump is"absolutely right to bash the Fed and to do it publicly because a lot of what they do is irrational and has been for the past century.
Gidumal's comments echo those of another hedge-fund manager, Leon Cooperman. The Omega Advisors boss warned in October that
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