Trust the Bond Market Before Stocks on Economy, PGIM's Hunt Says
- Money manager says Trump unlikely to meet goals for growth
- PGIM’s Hunt says markets are ‘at war with themselves’
PGIM CEO Says Trust Bonds Before Stocks on Economy
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Bond and stock prices are sending different messages about the prospects for U.S. growth under President Donald Trump, and investors would be smart to take the signal from fixed-income markets, said David Hunt, chief executive officer of Prudential Financial Inc.’s $1 trillion asset manager PGIM.
“Our belief is very much that growth probably can’t return to the numbers that the administration has put forth,” Hunt said Monday in an interview on Bloomberg Television.