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Janus' Gross sees Trump trade view hurting long-term stock prices Dec 6, 2016
 

Bill Gross speaks at the Morningstar Investment Conference in ChicagoOne of the world's most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump's anti-globalization policies would restrict trade and reduce corporate profits over the long term. Janus Capital Group Inc's Gross on Tuesday advised fund managers to shift money into cash and cash alternatives if they are pursuing "unconstrained" strategies, which allow them to invest in many asset classes and sectors. "There's no doubt that many aspects of Trump's agenda are good for stocks and bad for bonds near term - tax cuts, deregulation, fiscal stimulus, etc.," Gross said in his widely followed monthly investment outlook.


 
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