Bill Gross: Markets, Junk Bonds Pricing in ‘Too Much’ Hope, Growth

Influential bond investor Bill Gross on Thursday stepped up his warning to investors not to be tempted into buying equities, high-yield junk bonds and other asset classes, given the possibility that U.S. President Donald Trump might fail to enact policies that fuel economic growth.

“Equity markets are priced for too much hope, high-yield junk bond markets for too much growth, and all asset prices elevated to artificial levels that only a model-driven, historically-biased investor would believe could lead to returns resembling the past six years, or the decades predating Lehman,” Gross said in his latest Investment Outlook.

“High rates of growth, and the productivity that drives it, are likely distant memories from a bygone era.”

Gross, who runs the Janus Global Unconstrained Bond Fund, earlier this year said investors should not be allured by the “Trump mirage,” of 3-4 percent economic growth and the “magical benefits” of tax cuts combined



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!