They continue a trend he began in 2016 of betting against the market, moves that haven't worked out well considering the latest leg in the bull market. The S&P 500 is up 5.7 percent this year while the Russell 2000 is up fractionally at 0.3 percent. As of the end of the quarter, Soros held 3.3 million shares of the iShares Russell 2000 exchange-traded fund puts, an increase of 36 percent from the previous quarter and carrying a notional value of $459.6 million. He increased his holdings of SPDR S&P 500 puts by 162 percent from the fourth quarter to 1.3 million shares, carrying a notional value of $304.7 million. A Soros spokesman declined to comment.
Hopefully history repeats itself with Soros betting against the US economy, and hopefully he just ends up losing billions of dollars on his anti stock market bet. This move by Soros to bet almost a billion dollars against the US economy to take it down, just shows that the former NAZI collaborator is willing to do anything to destroy the United States Of America. This move by Soros to take down the US economy through the stock market should conduct an investigation by Trump's DOJ, and maybe even lead to a freezing of all Soros US assets...Since his ultimate goal in this move is to bring down the US economy.
From Soros funding raging violent anti Trump protesters, to now placing a bet on the stock market to take down the US economy...It's probably high time the DOJ finally prosecute George Soros and label him as a National Security threat. Since one of the biggest National Security threats to the United States is something that wants to take down the US economy...Which George Soros is now planning to do.