This is why Warren would lose to Trump, add her stance on medicare for all, screw insurance companies & the millions who prefer their coverage.
Wall Street is getting worried about a possible President Warren
BY TORY NEWMYER
with Brent D. Griffiths
Wall Street is sounding the alarm over Sen. Elizabeth Warren’s rise in the Democratic presidential race, as investors start to grapple with the possibility the industry scourge secures her party's nomination.
One investor joked that the stock market wouldn't even open if the Massachusetts senator became president; a segment on CNBC featured the idea that married couples could get divorced rather than be subjected to Warren's "wealth tax."
For now, the rising nerves are mostly evident in chatter. There's an emerging consensus that a Warren presidency would hurt the stock market -- yet there’s little evidence that investors are pricing in the risk.
"From a pure markets perspective, a Warren nomination hardly seemed 'priced in,'" Chris Krueger of Cowen Washington Research Group writes. He offers a few theories why that's the case: The election remains far away; Warren could be seen as a weaker Trump foe; or that Warren will moderate her pitch if she secures the nomination. "In any event, buckle up."
Greg Valliere, chief U.S. policy strategist for AGF Investments, dismissed the possibility of market fallout from the firestorm in Washington over reports Trump pressured the Ukrainian president to investigate former vice president Joe Biden — and the renewed impeachment talk it has touched off.
“What could affect the markets, however, is what we have warned about for months: the growing possibility that [Warren] may be the Democrats’ nominee,” Valliere writes.
Hedge fund titan Leon Cooperman went further. “They won’t open the stock market if Elizabeth Warren is the next president,” he said to the crowd at the Delivering Alpha Conference, apparently joking.
He later clarified the comment in a CNBC interview, saying the market would open, just “a hell of a lot lower,” estimating a 25 percent selloff and a bear market lasting at least a year. (Institutional investors, according to an RBC survey, view the Massachusetts Democrat as the candidate most threatening to the stock market, beating out Sen. Bernie Sanders (I-Vt.) 51 percent to 38 percent.)
The network just aired a piece suggesting married couples rich enough to face Warren’s wealth tax, which proposes a 2 percent levy on a household's assets greater than $50 million, could avoid it by getting divorced. Richer couples stand to save even more by splitting, since the tax would apply an extra percent to assets over $1 billion. “If a couple worth $2 billion divorces, they would save $10 million a year in taxes,” CNBC’s Robert Frank explained.
more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2019/09/24/the-finance-202-wall-street-is-getting-worried-about-a-possible-president-warren/5d893ce2602ff152cce03db9/
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