‘When Markets Crash, New Investments Stop, Consumers Stop Spending Money’
Bill Ackman has outperformed the stock market over the past five years with Pershing Square Capital Management. The hedge fund chief was an advocate for Donald Trump during the campaign but doesn't agree with the president's stance on tariffs. Stock market participants have been fleeing the market amid tariffs. The president's reciprocal tariffs scared investors the most, causing the Nasdaq Composite to plunge by more than 10% from between April 2 and Friday. "When markets crash, new investments stop, consumers stop spending money," Ackman said in an X post. Don't...