Tudor Jones Warns Of Market Collapse If Warren Elected, Says “I Love Mayor Pete”

Echoing the sentiment of other billionaire traders (though perhaps in not so colorful language), hedge fund manager Paul Tudor Jones is warning that the stock market would tank over the prospect of an Elizabeth Warren presidency.

As Bloomberg reports, Warren, who advocates for a 2% tax on America’s richest families, “Medicare for all” and new regulations on private equity, is stoking fear on Wall Street as she’s gained momentum in a huge field of candidates for the Democratic nomination.

And in reaction, Jones said Monday at the Robin Hood Investors Conference in New York that the S&P 500 Index will drop about 25% if the Democratic senator wins the 2020 election, mostly because of concern over her proposed wealth tax; and, Jones added, the re-election of President Donald Trump would boost the S&P to 3,600.

The infamous trader also warned that economic growth in the U.S. would fall to 1% from estimates of more than 2% this year if Warren was voted in.

However, as bullish as Jones was on Trump’s re-election for markets, the 65-year-old raved about Democratic presidential candidate Buttigieg, saying of the 37-year-old mayor of South Bend, Indiana: “He’s my man.”

“I love Pete, I love Mayor Pete, because I think he would be the best administrator to run this country, and he’s got a compassionate heart,”

Jones, who has given to both Republicans and Democrats in the past, added at the gala.

“I’m not politically active at all. But right now he’s getting me excited.”

Jones’ warnings follow Leon Cooperman’s warning that…

“Right now, the market is assuming Donald Trump is reelected. If it looks like Elizabeth Warren or Bernie Sanders are credible opponents, the market will go down. They won’t open the stock market if Elizabeth Warren is the next president.”

Additionally, Rob Citrone, founder of hedge fund Discovery Capital Management warned that:

“I think if Elizabeth Warren is leading the way into the February primaries, the S&P will be down 10, 15, 20%,” Citrone said at the C4K Investors Conference in Toronto on Wednesday.

“Her policies on regulation, on taxes, on a lot of different things, are substantially different than anything we’ve had in our country before.”

But there is a silver lining to all this fearmongering, perhaps surprising to some who remain brainwashed by the mainstream media’s constant propaganda, Trump’s lead is increasing…

Source: PredictIt

Of course, if Cooperman, Jones, and Vinik listened to fellow billionaire Mike Novogratz, he should “stop worrying so much about Elizabeth Warren.”

“You’re not victims, you’re the richest people in the world,”

“How in God’s name do you feel like a victim?”