Bill Gross

[winston]

Bond King’ Bill Gross says it’s time to stop betting against bonds and get ready for a economic slowdown: ‘Recession in 4th quarter’

by Eleanor Pringle

Source: Fortune

https://finance.yahoo.com/news/bond-kin ... 01560.html

[winston]

Bond King sounds warning on Trump

Famed bond investor Bill Gross said that a Donald Trump victory in the US presidential election would be more disruptive for bond markets than a Joe Biden win.

A second Trump presidency would push deficits higher than re-electing President Joe Biden, which would be the more "bearish" choice for bond markets.

Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things.

Source: Agencies

https://www.thestandard.com.hk/section- ... g-on-Trump

[winston]

Legendary investor unveils updated stock picks

by Dan Weil

Positives:
“Job growth slowing but within normal historical ranges.
China fiscal and monetary [stimulus].
Artificial intelligence investment spending and potential productivity boost.
Lower inflation close to the Fed’s target.
Increased spending for wars.

Momentum.
Five- to 10-year Treasury yields that are 125 basis points lower since the April 2024 peak.”

Negatives:
“Valuations … at significantly overbought levels.
Warren Buffett’s high cash position warns of bumpy road ahead.” Buffett’s Berkshire Hathaway had cash and equivalents of $277 billion as of June 30.
“Election: a victory by Kamala Harris augurs for possible Democratic congressional majorities and higher corporate taxes.
Wars may stunt global growth.
Deficits ‘forever’ may eventually require spending slowdown.” Gross is referring to the massive budget deficit -- $1.8 trillion in fiscal 2024, which ended Sept. 30.

Source: The Street

https://finance.yahoo.com/news/legendar ... 00093.html