George Soros Places $500 Million Bet On ‘Fall Of US Economy’

by Sean Adl-Tabatabai

George Soros bets $500 million that the US economy will fail

Billionaire globalist George Soros has hedged a $500 million dollar bet on the U.S. economy failing and corporations becoming bankrupt. 

According to Soros, companies that benefit from the policies of President Donald Trump will be “financially ruined” in the months ahead.

The billionaire is a vocal critic against Donald Trump, and was recently outed as being the main financier behind anti-Trump riots across America.

Newsmax.com reports:

Soros’ bets against stocks came in the form of puts, or options to sell, on two exchange-traded funds that track broad market indexes, CNBC reported.

He took out a put position of 2.5 million shares on the iShares Russell 2000, a fund that tracks the small-cap index, according to an S&P Global Market Intelligence analysis of Soros filings with the Securities and Exchange Commission. That ETF is up 21 percent since bottoming just before the election, and 12 percent from Oct. 1, CNBC reported.

That position had a notional value — if the puts were exercised — of $330.6 million, representing a 59 percent increase from the $208.4 million value in the third quarter.

He also held 493,000 shares of puts on the SPDR S&P 500 ETF, which tracks the large-cap index. The notional value of those puts was $110.2 million, a 27 percent decline from the previous quarter, according to S&P.

Soros also had a short position on industrial stocks, with $77.8 million worth of puts on the SPDR Industrial Select Sector fund. That ETF has gained 12.3 percent since the beginning of the fourth quarter.

However, Soros countered his short exposure with bets on banks. He held $72.7 million worth of calls, or options to buy, on the SPDR Financial Select Sector ETF, which holds large-cap banks as well as other financial giants including B-class shares of Berkshire Hathaway. The fund is up nearly 27 percent since the start of the fourth quarter.

The New York-based firm disclosed a $14.9 million position in Goldman Sachs and made a new bet on Bank of America worth $3.9 million. One of its biggest buys during the last three months of 2016 was a call option on the S&P Select Sector SPDR Fund – Financial Sector worth $72.6 million.

A number of asset managers bought into financial stocks during the final months of 2016 after Trump’s surprise victory suggested that tax cuts and a reduction of regulatory burdens plus higher interest rates could benefit the financial sector.

Soros recently hired UBS executive Dawn Fitzpatrick to be the firm’s chief investment officer, putting a woman in charge of his portfolio for the first time.

To be sure, many of Soros’ investment moves have been recently scrutinized in the press.

Late last month, some of Soros’ short positions dating back to 2012 were published on the Dutch financial market regulator’s website due to “human error,” according to the Dutch Authority for Financial Markets (AFM).

The short positions, bets on a stock declining, were “between 0.2 percent and 0.5 percent,” of shares outstanding in the companies shorted AFM spokesman Ward Snijders told Bloomberg.

The Financial Times earlier reported that some of the positions, including bets against Dutch banks, appeared briefly on the website on Tuesday evening. One Dutch bank in which short positions were revealed Tuesday was ING Groep NV, according to the Financial Times. ING declined to comment on Thursday.

The Dutch market authority apologized after admitting it had accidentally published details of short positions in stocks on its website beyond what it normally discloses.

 

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  • Zaphod Braden

    Hang him for Treason, or jaywalking, or littering …… anything.

    • Tom

      Material support of terrorism fits nicely.

  • Tom

    Every economics commentator I read or watch is saying that the US economy will collapse, but that’s because I don’t ever listen to Wall Street cheerleaders. Those MSM Wall Street cheerleaders are the functionaries who are assigned to keep mom & pop America buying stocks at the top of a bubble while snakes like Soros slither away with their gains. Here’s my advice: stay out of debt, stay out of paper, and stay out of cities.

  • Elaine Farrell

    There’s an Az. bill that clarifies that funding riots is under the RICO ACT… & it can’t happen soon enough.

    Obama’s OFA hired & trained 50k paid protestors…. Soro’s imported Mercenaries held training camps for Anarchists, at 28 locations. The Town Halls & marches were practice for OFA but they only executed a joint protest at DC & Berkeley…. preparing for the BIG event…an ” American Spring ” fashioned after the Arab & Ukraine Springs they executed.

    This is what they do = The OFA paid protestors are led by OFA coordinators, to an area that Obama/Soro’s want destroyed & encircle it… then busloads of Anarchists, dressed in black masks & carrying metal poles, run inside the group & destroy property & break faces of anyone who tries to stop them.

    The theory is the OFAers provide a Meat Shield, between arriving cops & the anarchists. It failed in DC & shocked the anarchists. In Berkeley, the cops were told to “Stand Down”.

    DC has strict riot laws, so the 200 captured there face 10 yrs in jail… Berkeley just slapped their hand & let them walk. We need DC laws applied nationwide before their American Spring launches !!!!

  • collette.robert@yahoo.com

    Why do we let these economic monsters rampage throughout the world?

  • scum

    So we’ll keep an eye on Janet…make sure she won’t influence…steady as she goes…betting against a horse you have crippled or tried to cripple is likely a crime… is it?

  • whydowanttoknow

    I have always wondered, if you make a bet things to go bankrupt and you’re right, who pays you if you’re right?

  • tsktjmb
  • DeToast

    The times are ah changin….GAME ON,,,,,,.its time to take out the trash and flush the toilets!
    Trump is the plumber who will show you his bum when he is fixing your toilet.
    The job gets done and it’s done right! He does not care if the turd is republican,
    democrat, or other, white, journalist, black or brown he sees a POS that got to go down the drain! God bless all the plumbers in the world who keep the toilets flushing!
    The fight continues..time to purge the criminals and hang the traitors from our political system..
    …time to apprehend those who would trash our Constitution, violate our laws, willfully destroy our Christian principles!
    If you work for a TLA dot gov agency and know the truth, honor your oath, NOW!
    This is NOT the time for good men to do nothing! A Final Strike from you is now required! GOD be with you.
    MoveOn, BLM and OTHERS Organizes Anti-Trump Protests Around Country?????
    George Soros DNC paid thugs are afoot. ! !!!! GET George Sorosl. !!!!
    THE TIME TO ELIMINATE TERRORIST GEORGE SOROS AND HIS THUGS IS NOW!
    2+2=4 NOT 5 Who is George Soros? he is NOT John Gault!
    Do not blame the younger collage kids for they: ” Do not Know and do NOT know they don’t Know” Mark Scott.
    The schools have been politicize by left wing criminals! Hey KIDS Time to get your head out of your professors bum and come up for some fresh air! Time to get it right, your party is in Hillary’s crime purse and Final Strike is now require! Helping Hand for TRUMP was successful……….now is the time for Finial Strike!!!….