Billionaire investor Paul Tudor Jones believes the S&P 500 would plunge 25% if Sen. Elizabeth Warren clinches the 2020 election, but sees another 15% upside for the market if President Donald Trump wins reelection.
Speaking from the Greenwich Economic Forum, Jones explained on Tuesday that an internal poll at his investment firm found that employees believe the S&P 500 could swoon to 2,250 if Warren comes out on top.
“Her policies would – assuming they were implemented – probably give you something like that,” he said. “As an investor, you have to have a view on the election because the outcomes are so extreme. I’ve never seen this kind of polarity in elections as we have now.”