In recent years, Soros, the financial tycoon, seems to have gradually faded out of public view. Fans want to track the news of this big man. In addition to paying attention to the 13F position report published every quarter, it seems that only media interviews with Soros are left, which is rare. In a recent interview,
said on Wednesday that Soros was no longer involved in the current market bubble and showed that his investment style seemed to be cautious.
“we are in crisis, the most serious crisis in my life since the Second World War. I describe it as a revolutionary moment, with a much wider range of possibilities than usual.
now, incredible things not only become possible, but also happen. People are disoriented and scared. But what they do is bad for themselves and for the whole world. ”
Soros acknowledges that the US stock market has fallen into a bubble fuelled by the Fed’s liquidity, so he is now avoiding intervention. He said the current market rally was supported by more fiscal stimulus and Trump’s expectation that a vaccine could be announced by November.
he also mentioned the election risk, saying trump would be “very dangerous” in the near future. Still, he thinks the United States is better able to withstand the new crown pandemic than Europe.
in fact, Soros has been short of Europe since May. In an interview in novel coronavirus pneumonia in May, he said that the time of the euro zone economy will be longer than the majority expected:
, “I realize that Europe is facing a crisis of survival. It’s not a joke, it’s reality. The German Federal Constitutional Court’s decision is only the latest fuse. Once we are aware of this problem, we can seize the opportunity. ”
according to the 13F report released in February this year, the market value of Soros Fund assets was US $3.09 billion, down nearly 14% from US $3.609 billion in the previous reporting period. It was a well-known fund with a relatively rare decline in management scale at that time.
but according to the 13F report released in May, Soros Fund cleared more than 30 financial institutions, including JPMorgan Chase, Citigroup, Bank of America, Blackstone Group, capital investment international group and Franklin resources. Obviously, the market slump has a great impact on its investment style change.