Bill Gross warns investors away from trying to ‘catch a falling knife’ amid global market carnage

Bill Gross, co-founder of Pacific Investment Management Co. (PIMCO), speaks during a Bloomberg Television interview at the Bloomberg FI16 event in Beverly Hills, California, U.S., on Wednesday, May 25, 2016. (Credit: Patrick T. Fallon/Bloomberg via Getty Images)

• President Trump’s Liberation Day tariff push sparked a worldwide market selloff that harkened back to mid-March of 2020 and impact of the Covid pandemic on the global economy. The S&P 500 dropped 5%, the Nasdaq tumbled 6%, and the Dow Jones Industrial Average sunk 4%. Given the turmoil, renowned bond investor Bill Gross warned investors against shopping amid bargain bins of the dip, at least for now. 

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.