On the heels of Trump’s historic win to the White House, the stock market surged to new heights.
After a short, evening dip–due to the uncertainly we all experienced on Election Night–major stocks rebounded. We are now seeing all four major indexes reaching record highs, creating what experts call a superfecta.
This is directly connected to confidence in the future of the U.S. economy, thanks to Donald Trump.
But there are some investors singing the blues. While much of Wall Street is enjoy the swing, some people lost quite a bit… because they bet on the wrong horse.
The Wall Street Journal reports Thursday that billionaire left-wing financier George Soros lost nearly $1 billion as a result of Donald Trump’s surprise victory in the November 2016 presidential election…
Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter. The stance proved a mistake—the stock market has rallied on expectations that Mr. Trump’s policies will boost corporate earnings and the overall economy.
Soros–the shadowy puppet master of liberals around the world–expected our economy to tank on news that Donald Trump won. He expected the stock market to crash, with prices dropping, allowing him to scoop them up.
Yet as we quickly discovered, the markets surged out of optimism that a business-minded President would benefit the economy. Soros’ doom-and-gloom expectations cost him a billion dollars.
You can’t divorce the reality that Soros was possibly motivated out of bitterness. His candidate–Hillary Clinton–the woman he was essentially controlling with his money, lost big to Trump. Soros perhaps out of anger wanted the market to crash, as a sign that Trump’s victory was a mistake.
Perhaps he allowed his emotions to cloud his judgment.
Most of Wall Street knew better and we are seeing the market thrive like never before.