Jones believes the S&P 500 would plunge 25% if Sen. Elizabeth Warren clinches 2020, but sees another 15% upside if Trump wins re-election.
Jones also critiqued those who'd claim a president has little impact on the direction of the stock market.
"I don't need Elizabeth Warren telling me that I'm a deadbeat and that billionaires are deadbeats. The vilification of billionaires makes no sense to me. The world is a substantially better place because of Bill Gates, Michael Bloomberg, David Rubenstein, Bernie Marcus, Ken Langone,""This is idiocy! It's appealing to the lowest common denominator and basically trying to turn people's heads around by promising a lot of free stuff," he added.
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