Billionaire hedge fund manager Leon Cooperman, who has clashed with Sen. Elizabeth Warren over her wealth tax proposal, has warned against reelecting Donald Trump, calling him a divisive figure who belongs in jail. It is uncommon for a Wall Street figure to publicly criticize Trump. Cooperman, who has previously donated to Republicans, reluctantly voted for Joe Biden in 2020. He expressed his disapproval of a potential Biden-Trump rematch in 2024 and stated that he is looking for centrists rather than radical candidates. Cooperman also expressed concerns about the economic impact of the violence in the Middle East, particularly on global commodity markets. He argued that the stock market is overvalued relative to corporate profits and criticized the lack of fiscal discipline in Washington, pointing to the significant increase in national debt during Trump's presidency.
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