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Fortune

Alena Botros

'Bond King' Bill Gross warns Gen Z and millennials will be the biggest losers from tariff-fueled market swings that rely on whether Trump 'had a good night's sleep'

Bill Gross Donald Trump Millennials Inflation Fortune Recession United States White House

(Credit: Patrick T. Fallon/Bloomberg via Getty Images)

Bill Gross claimed the recent market turmoil would induce caution and a conservative attitude from Gen Z and millennials for a long time when it comes to investing. He later asked who would want to own stocks whose prices depend on the president’s mood. The White House said President Donald Trump’s decision making is the best interest of the American people.

Pimco cofounder and “Bond King” Bill Gross appears worried for a younger generation of investors.

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