The prediction by John Studzinski of Pimco differs from most others because it centered on an Elizabeth Warren candidacy — instead of a presidency.
The U.S. stock market will fall "in a material way" as soon as it's clear Elizabeth Warren will become the Democratic Party's candidate for the 2020 presidential election, said John Studzinski, Pimco's managing director and vice chairman.
Studzinski did not quantify his prediction of a stock market fall, but his forecast differs from most others because it centered on a Warren candidacy — instead of a presidency. Several prominent investors including Leon Cooperman, Marc Lasry and Mark Mobius have projected the stock market to decline by 20% to 30% if Warren is elected president.
Democratic presidential hopeful Massachusetts Senator Elizabeth Warren speaks during the fourth Democratic primary debate of the 2020 presidential campaign season co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio on October 15, 2019.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US and China could sign 'phase one' trade deal before Christmas, Pimco predicts'I think Trump sees this as important. He's gotten a lot of endorsement from American CEOs who want to see some type of stabilization and anchor in this broader relationship and trade dialogue between China and America,' says John Studzinski, managing director and vice chairman of Pimco.
Weiterlesen »
Democrat Warren vows to protect renter households as U.S. presidentDemocratic presidential hopeful Elizabeth Warren on Monday vowed to protect the ...
Weiterlesen »
Managed care stocks jump on Warren’s 2022 Medicare for All plansStocks of health care providers and health insurers are rallying after Sen. Elizabeth Warren said Friday that she plans to hold off on Medicare for All...
Weiterlesen »
Pete Buttigieg becomes front-runner in polls in Iowa, a crucial state for 2020 DemocratsDemocratic presidential hopeful Pete Buttigieg has overtaken rival Elizabeth Warren in an average of polls focused on Iowa, helped by his strong performance...
Weiterlesen »
Obama warns Democrats of moving too far left in the presidential race and alienating votersPresident Obama warns Democratic presidential candidates veering too far to the left could alienate persuadable voters, a clear caution about Sens. Elizabeth Warren and Bernie Sanders.
Weiterlesen »
US and China could sign 'phase one' trade deal before Christmas, Pimco predicts'I think Trump sees this as important. He's gotten a lot of endorsement from American CEOs who want to see some type of stabilization and anchor in this broader relationship and trade dialogue between China and America,' says John Studzinski, managing director and vice chairman of Pimco.
Weiterlesen »