Diverging views from billionaires on a Trump stock strategy aren’t much help. Liberal icon George Soros still thinks his uber-pessimistic Trump short will be proved right. John Paulson — who was right about the “Big Short” — has increased his long exposure. And eternal America optimist Warren Buffett — being Buffett — told CNBC on Friday that the United States will be just fine under Trump, though he has no idea where the stock market will go in the next 10 days or two years.
Key Takeaways:
- A look at how average, ordinary millionaires who manage their own stock portfolios are investing might offer better advice.
- The millionaire view of an economy that is working, if not firing on all cylinders, translates into expectations of a stock market that will gain, but may take its time.
- This view is leading millionaire investors to keep market bets focused primarily on sectors that they think will do well and benefit from Fed rate hikes.
“The millionaire view of an economy that is working, if not firing on all cylinders, translates into expectations of a stock market that will gain, but may take its time.”
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