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.
100% off topic and false. This thread is not about a man liking the tax cut he may or may not have received. This thread is about an economic expert explaining why the stock market will be happy with the election of a businessman over some socialist dolt.
Isnt he exactly the type of person (coastal elite billionaire) who conservatives say ruined this country? Yet for some reason we should now listen to him?
On finances you always listen to people who are far more successful than you are. That does not mean we need to listen to him on other government policies.
Thar wasnt the conservative stance pre-2016. Back then all we heard is how billionaires were taking advantage of the system and screwing over the forgotten man. Quite the 180
He cut taxes for businesses that now allows business owners a greater opportunity to raise wages for their employees. It created an environment that allows businesses an opportunity to make additional profit and again, another opportunity to raise employee wages.
“Markets” don’t have emotions. Markets are a function of the net present value of the companies traded on said markets.
That being said, behavior can affect markets. The determination then has to be made of whether that behavior is rational or irrational. In real life, changes due to rational behavior are rare due to human nature.