‘Bond King' Bill Gross warns Gen Z and millennials will be the biggest losers from tariff-fueled market swings that rely on whether Trump ‘had a good night's sleep' [Fortune]
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Source: Fortune
He later asked who would want to own stocks whose prices depend on the president's mood. The White House did not respond to a request for comment. Pimco cofounder and “Bond King” Bill Gross appears worried for a younger generation of investors. “This market ‘crash' will affect millennial and Gen Z investors for long to come,” he wrote on social media Tuesday, before the president pressed pause on some tariffs and stocks momentarily bounced back. “What before was a can't miss way to make money will induce caution and more conservative attitudes.” Still, the relief rally hasn't swayed Gross. “Would you want to own highly volatile U.S. stocks whose price depends on whether POTUS had a good night's sleep and woke up the next morning to reverse yesterday's policies?” Gross wrote Wednesday afternoon, after President Donald Trump announced a 90-day tariff pause, apart from China, and placed a 10% tax on all other countries. The White House press office did not respond to Fortune's re
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