The stock market will ‘breathe a sigh of relief’ if President Trump is re-elected in 2020, says billionaire Howard Marks
Howard Marks, co-founder of Oaktree Capital Management, who has made billions investing in distressed debt, says that a 2020 election victory likely would be a major relief for Wall Street investors.
During an interview on CNBC on the sidelines of the Goldman Sachs Financial Services conference in New York City on Tuesday, Marks said Trump’s pro-business stance since winning a first presidential term in 2016, in stunning fashion against Democratic rival Hillary Clinton, has made him an attractive president for the deep-pocketed crowd in financial markets
My comment: This is all the more reason Trump will be reelected. Remember the “Trump Bump” after the last election but before he took office? Stocks soared after election night, while lefties wept. How soon the Left forgets that the markets loved Trump and hated Criminal Hilary.