Paul Tudor JonesEduardo Munoz | ReutersBillionaire investor Paul Tudor Jones informed CNBC on Wednesday that the inventory market will flip south i
Paul Tudor Jones
Eduardo Munoz | Reuters
Billionaire investor Paul Tudor Jones informed CNBC on Wednesday that the inventory market will flip south if any Democrat wins the 2020 presidential election, whatever the variations of their coverage proposals.
“I feel the inventory market will certainly decline as a result of that may assume that it is going to be accompanied by a increase in taxes,” Jones stated on “Squawk Box.”
He added that the severity of the inventory market’s drop, if a Democrat wins, will fluctuate relying on the candidate.
“Sure, it’s going to decline considerably,” he continued. “I do not know essentially if the economic system’s going to contract. We’ll should see what occurs.”
In any other case, Jones stated an “explosive” combination of monetary and fiscal stimulus is driving the inventory market increased.
“We have a 5% deficit coupled with the bottom actual charges which you could picture with the economic system at full employment,” he stated. “That is probably the most unorthodox, and probably explosive, mixture possible.”
Jones, who for years steered away from any media appearances, has made a string of headlines in current months stemming from his predictions for the 2020 election.
In a dialogue with Bridgewater Associates founder Ray Dalio final week, Jones stated a ballot at his funding agency confirmed staff consider the inventory market would swoon if Sen. Elizabeth Warren comes out on…