President Donald Trump has aggressively expanded his personal bond portfolio, purchasing at least $51 million in debt securities between mid-November and late December, according to a White House financial disclosure released Thursday.
The disclosure comes as JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon warns that the administration’s escalating legal war against Federal Reserve Chair Jerome Powell risks destabilizing the very markets the President is buying into.
A Persistent Buying Spree
A new White House financial disclosure, dated Jan. 14, reveals 189 separate bond purchases by the President. When compared to a previous filing from Dec. 18, the data highlights a clear strategy of “doubling down.”
The President is repeatedly targeting the same corporations. After buying bonds in Netflix Inc. (NASDAQ:NFLX), General Motors Co. Full story available on Benzinga.com
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