Soros increases losing bet on falling US stock markets

https://www.rt.com/business/388909-soros-bet-us-market/

Billionaire investor George Soros has doubled down his bets against equity markets in the United States, according to recent filings quoted by CNBC. He has been losing money so far as the markets thrived during Donald Trump’s presidency.

Soros’ primary plays are against large-caps via the S&P 500 and small-caps via the Russell 2000, which are run through his family’s Soros Fund Management. S&P Global Market Intelligence say the bets have a potential value of $764.3 billion.

After Trump won the US presidential election, Soros started betting against US stocks. While Soros called Trump a “would-be dictator,” and predicted uncertainty and sell-off after his win, the markets rallied significantly.

The S&P 500 is up 5.7 percent this year while the Russell 2000 is up 0.3 percent. Companies in the S&P 500 are seeing 16.5 percent earnings growth in the first quarter of the year, the best year-over-year growth in nearly six years, Bloomberg reported on Monday.

A March poll by Investing.com says major banks forecast the S&P 500 to reach 2,425 points by year-end from the current 2,365.

In February, a report by hedge fund investor LCH Investment claimed the Hungarian-born billionaire’s misplaced investments turned into a $1 billion loss for his clients.

Forbes estimates George Soros’s net worth at over $25 billion.

————

“Soros has doubled down his bets against equity markets in the United States, according to recent filings quoted by CNBC. He has been losing money so far as the markets thrived during Donald Trump’s presidency.”

like a drunk gambler determined to prove he is right and can pick a winner..and when he wins he will only be getting back what he has already lost..dow 30k ftw!

“After Trump won the US presidential election, Soros started betting against US stocks. While Soros called Trump a “would-be dictator,” and predicted uncertainty and sell-off after his win, the markets rallied significantly.”

401

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~ by seeker401 on May 26, 2017.

13 Responses to “Soros increases losing bet on falling US stock markets”

  1. Soros should know, he backed the Kushner family, as well as Blackstone Group and Carlyle who also have deals with the ‘family’.

    Kushners’ Blackstone Connection Put on Display in Saudi Arabia
    by Caleb Melby and Hui-yong Yu
    May 25, 2017,
    https://www.bloomberg.com/news/articles/2017-05-26/the-kushners-the-saudis-and-blackstone-behind-the-recent-deals ( Thanks faraway re:RJ)

    and found this group also lent a hand to a ‘brother’
    January 8, 2017
    Carlyle Group Helped Jared Kushner, GP for Thrive Capital

    http://peureport.blogspot.com/2017/01/carlyle-group-helped-jared-kushner-gp.html

  2. Schwarzman’s advisory panel — which also includes General Motors Co. CEO Mary Barra, Tesla Inc. co-founder and CEO Elon Musk and JPMorgan Chase & Co. CEO Jamie Dimon — isn’t subject to ethics rules. Meanwhile, whether there are links among the arms deal, the Saudi investment and the loans, future steps will seem fraught.

    Schwarzman’s relationship with Trump is echoed in the next generation. Jon Gray, Blackstone’s global head of real estate, met with Trump when the president-elect was interviewing candidates for Treasury secretary even though he supported Hillary Clinton.

    Gray, 47, and Kushner, 36, have known each other for at least four years. They both had much to celebrate in March 2013 at the anniversary party for the New York Observer, a newspaper the Kushners own. Gray was coming off a year that saw Blackstone close on $13.3 billion of capital pledges for what was then the world’s biggest private-equity real-estate fund. He had been named to the Blackstone board, a sign he was being groomed for the top job at Schwarzman’s company.

    Last August, Kushner Cos. and its partners bought the building with $376 million in loans from a limited liability company controlled by Blackstone Mortgage Trust Inc.

  3. May 21, 2017
    Blackstone’s $100 Billion Infrastructure Plans Dovetail with Trump’s

    Forbes reported:

    Private equity giant Blackstone Group is unveiling a $40 billion infrastructure fund with the gulf nation, which will primarily invest in the United States. Saudi Arabia will commit $20 billion to the Blackstone infrastructure fund and another $20 billion will be raised from other limited partners, readying cash that could lead to $100 billion in total infrastructure investments on a leveraged basis.
    I’m sure the American public is comforted by the fact that our future tolls, air travel fees, water bills and other public services will help billionaires and the Saudis profit further.

    Saudi Arabia’s Public Investment Fund has agreed to commit $20 billion to the Blackstone infrastructure fund, which will be set up a permanent capital vehicle.
    Recall Saudi citizens flew home when everyone else in America couldn’t take a plane after 9-11. Those Saudi citizens were in Washington, D.C. for the annual Carlyle Group investors meeting.

    http://peureport.blogspot.com/2017/05/

  4. Reblogged this on World Peace Forum.

  5. one less of THEY-WARMONGERS in this planet


  6. second-comment Lol, if THEY-murderTrump, they getPence. LOL. He’s their worst nightmare. TrumpIs a fucking genius.

  7. Soros should follow his pal & gives us ‘free money’.. pppplease some for me thanks

  8. https://pbs.twimg.com/media/DBGgTuVUAAAnfa4.jpg:large

  9. the list seem longer for 17
    https://www.bilderberg.org/phpBB2/viewtopic.php?p=20456#20456

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