Pimco cofounder and “Bond King” Bill Gross is warning investors away from plunging into the market bloodbath and trying to root around for less expensive securities.
“I think there will be time to buy many of these bargains over the next few days, weeks, or months,” said Gross, speaking on
CNBC. During his interview and in posts on social media, Gross recommended investors to stay calm because the
tariff event is something everyone will have to live with as long as the U.S. continues its stance.
“President Trump, to be very blunt, is a macho male,” said Gross. “And this macho male is not going to back down tomorrow simply because the Nasdaq is down 5%.”
Given the serious implications for currencies, world markets, economic policy around the world, and the volatility of the situation, it’s not a great time to hunt for deals, said Gross.
“Investors should not try to 'catch a falling knife,'” Gross
wrote on X. “Today’s appealing ‘bargains’ will be around tomorrow and the next day.”