icahn stocks Trump

Here’s What Carl Icahn Did After Trump’s Election

Over the past several weeks, I've noted time and again how markets seem to be getting more efficient when it comes to shaking off geopolitical tail events. In other words, the time it takes to shoo away a political black swan seems to be diminishing with each passing shock. This can be clearly seen in the following set of charts from JPMorgan: Note that the bounce off the post-election, knee-jerk lows was actually a lot faster than 16 hours. Consider the following chart: So who bought at the bottom? Well according to his own account, Carl Icahn (of course he'd probably say he bought the dip even if he didn't). Here's FT's account of Icahn's moves after one of the most historic elections in the history of the country: When Carl Icahn, billionaire investor and adviser to Donald Trump, saw the plunge in US equity futures in response to the Republican’s capture of the White House, he left the president-elect’s victory party early so he could place a $1bn bet on stocks. His only regret, Mr Icahn told CNBC several weeks later, was that he did not buy more. We do not know Mr Icahn’s exact timing. At one point after it became clear Mr Trump would win the electoral college vo
Subscribe or log in to read the rest of this content.

1 comment on “Here’s What Carl Icahn Did After Trump’s Election

  1. romanpirate says:

    Forget those hucksters Ackman and Icahn. I wanna know what Dalio was/is doing.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar