Since Donald Trump’s stunning election, the stock market has had an incredible boost. Everyone is optimistic that the economy will prosper over the next four years.
But Soros, blinded by this faith in Hillary Clinton, thought the markets would be devastated after Trump won.
However, this was certainly not the case—instead, the stock market has been hitting some record highs.
Soros’s hedge fund manages $30 billion, both of his money and his family’s money, so a billion dollar loss is a big blow.
Others caught wind of that trend much earlier. Soros’s own former deputy, Stanley Druckenmiller, bet that the market would rally after a Trump victory and netted himself some profit. Another winner was Trump supporter Carl Ichan, who advised Trump on his campaign and clearly had faith in the president-elect.
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