George Soros Lost Nearly $1 Billion After Donald Trump Election
George Soros lost nearly $1 billion as a result of the rally in the stock market after Donald Trump’s presidential election. Soros was bearish after the Trump’s election. However the stock market has rallied after Trump’s election and some of Soros’s trading positions incurred losses nearing $1 billion. He has since adjusted his positions and exited his bearish bets late last year.
“George Soros lost nearly $1 billion as a result of the rally in the stock market after Donald Trump’s presidential election. Soros was bearish after the Trump’s election.”
~ Wall Street Journal
His former deputy Stanley Druckenmiller took a different stand and expressed a bullish position on the American economy after the election. According to sources, his stand appears to have paid off as his firm, Duquesne Family Office LLC has recorded gains of more than 10% in 2016.
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