Washington – President Donald Trump deserves “very little” credit for the record high prices in U.S. stocks, DoubleLine Capital Chief Executive Officer Jeffrey Gundlach, who voted for Trump, said on CNBC on Tuesday.
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“The current president is getting virtually nothing done. He’s very noisy about it. The nothing getting done is the consistent theme,”.
“The market’s been going up with nothing getting done. So I don’t think the president’s performance has much to do with where the stock market valuation is today.”
Gundlach was one of the few investors on Wall Street to accurately predict Trump’s election victory in 2016.
DoubleLine has assets under management of more than $100 billion, according to its website.
This is garbage MSM #fakenews. When Trump does nothing, it’s a huuuge accomplishment because people like me can stay out of federal prison and can keep on manipulating the stock market. Don’t forget it was the democRATs that corruptly put poor Bernie Madoff away. He could still be out there supporting mosdos and being a big shot like my CFO, doing great things in the markets that the OBUMMER opened a federal probe against us. Trump is a lewd immoral person who plays dirty, and I know one other commenter here who loves it!
OK well my CFO disagrees.
Markets have always gone up and down on rumours and expectations, and he knows that. I remember when the fad was for companies to announce a reduction in staff in order to bolster their stock price. If they all truly reduced their staff as claimed then there would not any employees left in the country. After the announcement the reality was they did nothing.
This guy is totally wrong. He fails to realize, that even though nothing major has been accomplished yet, there’s the confidence factor, which is, that most Americans know that with Trump as POTUS, no one and I mean no one will mess with the USA and that counts a lot.
The confidence felt by the American people is high and that filters down to people’s investments too. By the end of four years this administration will have many accomplishments to swagger about, give him a chance.
Once again VIN has proven how bias it is against Trump. If the headline had read “Trump deserves credit for the rise in the stock market”, you never would have printed it. Your news agency and you as a news information distributor stink!!
That’s funny these same people were crediting Obama whenever the market went up.