Republican presidential nominee Donald Trump on Tuesday advised against putting money into stocks right now, warning of a “big bubble” and saying if interest rates go up, things aren’t going to be pretty.
“I wouldn’t do it, because I think you have a situation where you have free money,” Mr. Trump said on “Fox and Friends.”
“I even did stocks awhile ago. I did like 50 different stocks just for fun,” he said. “I’m not a person that really believes in it too much.”
“And I did it just for fun, and I did it because with interest rates, you’re getting basically free money,” Mr. Trump said. “If rates go up, you’re going to see something that’s not going to be pretty.”
“And you know, it’s all a big bubble,” he said. “In my opinion, I would not do it, no.”