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Current US market turmoil is expected to trigger the "deepest quarterly pullback" in US post-war history, according to Societe Generale.
The famed investor's conglomerate sold $314 million worth of the airline's stock last week.
Dymon Asia Capital had a moment straight out of "The Big Short" when it spotted red flags in Google searches and Chinese data.
Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week
The famed investor made the disposals after taking a $5 billion hit on airline stocks in the first quarter.
‘The Big Short again’: A hedge fund boss and Warren Buffett disciple posted a 40% gain during the market meltdown
"The crash was coming with or without the coronavirus pandemic."
Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets
Ackman's Pershing Square hedge fund bounced back from losses in January and February.
Shares in American, Delta, United, and Southwest plunged by an average of 52% as coronavirus hammered demand.
"I am looking at life, and life is not such that we are all going to take the bus and take boats again."
The billionaire investor is reportedly eyeing distressed travel, lodging, and entertainment businesses.
Billionaire bond king Jeffrey Gundlach says coronavirus-fuelled market sell-off will worsen in April
"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.