Mutual Fund Giants Unfazed by “Rich Guys” Warning on Stocks

Mutual Fund Giants Unfazed by “Rich Guys” Warning on Stocks

$DIA $SPY $QQQ Some Wall Street heavyweights who President Trump dubbed ‘rich guys’ last week may sound alarmed about stocks, but some of the world’s biggest investors are holding on or boosting their holdings. Money managers and strategists at Capital Group, Franklin Templeton and BlackRock Inc., which together oversee about $8.8-T, say stocks remain attractive […]

President Trump, “‘Rich Guys’ Talking Down Stocks to Make a Profit”

President Trump, “‘Rich Guys’ Talking Down Stocks to Make a Profit”

$DIA $SPY $QQQ $RUTX President Trump urged investors to be wary of “rich guys” using their platform to comment negatively about stocks, when they tend to profit from betting against the market. The market has been trading laterly for the last 4.5 wks after coming off its best month in a generation, as optimism about […]