Soros lost nearly $1B in post-election market rally: report
Billionaire Democratic donor George Soros lost about $1 billion in the market following President-elect Donald Trump’s White House win, the Wall Street Journal reported Thursday.
Soros expected the market to drop sharply after Election Day, the report said.
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The stock market instead rallied on expectations that Trump’s policies will boost both corporate earnings and the overall economy. The Dow Jones Industrial Average is up 9.3 percent since Trump’s victory.
Soros avoided further losses by adjusting his positions late in 2016, the report added.
Soros, a big contributor to a super-PAC supporting Hillary Clinton, has long supported liberal causes.
http://thehill.com/policy/finance/other/313936-george-soros-lost-ne...Comment
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Comment by Less Prone on January 12, 2017 at 12:38pm
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THAT's a good news. One billion less to use for cultural Marxism decadence projects, importing terrorists in the name multiculturalism, corrupting politicians, and meddling with the internal affairs of sovereign countries.
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