- The stock market could plunge by 30% to 50% if Bernie Sanders, Elizabeth Warren, or Pete Buttigieg are elected president next year, Virtus Capital boss Steven Gidumal warned this week, according to CNBC.
- “If a Socialist is Elected, the Market will sell off BIG,” the hedge-fund manager said in a conference presentation. “Pick a Socialist – Bernie, Liz, Pete. etc. and the Market would sell off.”
- Gidumal added that President Donald Trump is “absolutely right to bash the Fed and to do it publicly because a lot of what they do is irrational and has been for the past century.”
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