Bond King Bill Gross warns: "Bottom-fishing in U.S. stocks is like catching a falling knife," stay away from this "epic" market storm
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As U.S. stocks plummet due to Trump's tariff policy, investor Bill Gross warns to stay away from this "epic" market storm. He points out that the current wave of selling is a "serious market event" with no signs of resolution in the short term. Gross believes the impact of these tariffs is profound, akin to the collapse of the Bretton Woods system, but with consequences that are more immediate. He advises investors to be patient and wait rather than trying to bottom-fish, although there may be opportunities for domestic companies like AT&T and Verizon in a declining interest rate environment
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