Legendary investor Bill Gross: The current selling wave is a "serious market event," and he advises investors to stay on the sidelines.

BlockBeats news, on April 4, billionaire Bill Gross, known as the “Bond King,” stated in an interview with Bloomberg that the market impact of Trump’s tariff policy is similar to the collapse of the Bretton Woods System, both having similar profound effects. However, the difference is that the negative consequences of the current crisis are more rapid and direct. Therefore, Bill Gross advised stock investors looking to buy the dip to stay on the sidelines, while also stating that this wave of selling is a “serious market event” with no signs of resolution in the short term. Because “Trump will not back down in the short term; he is too proud to do so.”