George Soros may like big banks, but his overall view on the stock market remained decidedly negative heading into the new year. Soros' bets against stocks came in the form of puts, or options to sell, on two exchange-traded funds that track broad market indexes. More specifically, the index is up 9.4 percent since the November election of President Donald Trump, whom Soros strongly opposed. Soros had another big losing bet in the fourth quarter — the $10.6 million he contributed to the campaign of Trump's opponent, Hillary Clinton, according to the Center for Responsive Politics. Judging by his moves in the fourth quarter, the head of Soros Fund Management and leading donor to progressive and Democratic causes believed the small- and large-cap stocks were in trouble.
referring to
When President Trump started his term, the stock market was at record levels with high valuations and the Fed had recently started raising interest rates. The stock market has been on quite a run since the presidential election. Investor sentiment is very bullish right now and stock valuations are high by historical standards. Investors are the most optimistic when the market is high and the most pessimistic when stocks are down. Fourth quarter earnings for stocks have been positive overall.
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collected by :Jack Luxor
referring to
When President Trump started his term, the stock market was at record levels with high valuations and the Fed had recently started raising interest rates. The stock market has been on quite a run since the presidential election. Investor sentiment is very bullish right now and stock valuations are high by historical standards. Investors are the most optimistic when the market is high and the most pessimistic when stocks are down. Fourth quarter earnings for stocks have been positive overall.
read more visit us Money
collected by :Jack Luxor
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