News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Bill Gross: There will be no new Trump bull market

Renowned bond investor is in 'amazed, almost amused bewilderment at what American voters have done to themselves'

Bill Gross warns of higher interest rates and inflation under Donald Trump
Bill Gross warns of higher interest rates and inflation under Donald Trump Photo: iStock

Global populism is on the march and Wall Street's dominance is fading, according to renowned bond investor Bill Gross.

In his latest Investment Outlook, the manager of the Janus Global Unconstrained Bond and Total Return funds at Janus Capital, writes: "Unless the worker's share of GDP reverses its downward trend, and capital's share peaks, then populists worldwide will reject establishment parties in almost every future election."

WSJ Logo