Bill Gross Warns Trump's Tax Plans Could Harm Bond Markets
The 'Bond King' predicts increased deficits and market disruption under a Trump presidency compared to Biden's tenure.
- Bill Gross believes Trump's tax cuts and spending programs would exacerbate the fiscal deficit.
- Gross argues that Trump's policies are more bearish for bond markets than Biden's economic strategies.
- The investor has shifted his focus away from bonds due to rising deficits and market volatility.
- Gross advises investors to temper their expectations for stock market returns.
- Concerns about the U.S. debt and deficit have been echoed by other financial leaders.