Loading ...$60BN Manager About To Dump All US Holdings: “The Political Risk Is Just Becoming Too Much”
To be sure, Naeimi says his fund is already light on US equities. In his search for possible trade-war hedges, Naeimi says one strategy he’s considered is shorting Boeing – which has taken the brunt of trade-war related selling among the Dow stocks – and going long France’s Airbus.
“China’s got a pretty massive agreement, deal with Boeing, so they could easily reverse that,” he said.
Naeimi also said he recently purchased gold (which was the big winner from Q1) to hedge his equity holdings.
But the greatest hedge of all? Selling everything, Naeimi said.
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Gladi8tor Fri, 04/06/2018 – 20:57 Permalink
he is protecting his clients, a very smart man who said after liquidating all his us assets” good riddance of this crap”.
who would want to be in the us market when hundreds of malls are closing every month, thousands of companies are bankrupt, 96 million people out of the labor force, 50 million people on food stamps and eat from the dollar store who soon will start eating dog food as dollar store will shut down due to trump trade war.
I see you are all hat no head.
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