Legendary investor Bill Gross: The current sell-off is a "serious market event" and recommends staying on the sidelines

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On April 4, Bill Gross, the billionaire known as the "Bond King", stated in a Bloomberg interview that the market impact caused by Trump's tariff policies is similar to the collapse of the Bretton Woods system, with far-reaching consequences, but the negative effects of the current crisis are more rapid and direct.

Therefore, Bill Gross advised stock investors who want to buy the dips to remain cautious, and said that this selling wave is a "severe market event" with no signs of resolution in the short term. Because "Trump will not back down in the short term, he is too stubborn to do so."

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