A former Major Leaguer who was one of the biggest — and most controversial — stars in baseball is now attracting a following for his financial advice.
The Wall Street Journal reports that slugger Jose Canseco, who spent much of his career as an outfielder with the Oakland A’s, has become Twitter’s favorite financial analyst.
Canseco was a six-time All-Star and two-time World Series champion who led the Major Leagues in home runs in 1988 and 1991. He has also been the focal point of controversy after admitting to using anabolic steroids — and implicating other players — in his tell-all book “Juiced: Wild Times, Rampant ‘Roids, Smash Hits & How Baseball Got Big,” published in 2005.
The Journal reports that Canseco “has now developed a cult following after some of his contrarian predictions about financial markets came true.”
The report quotes James Mark II, a San Antonio-based stock and commodities trader, saying of Canseco: “He’s been pretty much spot on with the macro picture.” Mark notes that he started paying attention to Canseco’s tweets back in February when Canseco defied the bearish landscape by correctly predicting a rally in gold.
“I read it and I was like ‘Hmm, we agree,’” said Mark, who notes that he now regularly checks Canseco’s Twitter page.
The report adds that Canseco tweeted about Britain’s “Brexit” two days before the country’s vote: “Make no mistake Brexit will crater the UK into recession and the pound will do a 25% faceplant. Capital will flee like its pants are on fire.” The Journal adds: “The pound fell by about 15% against the dollar after the vote, falling short of his prediction, but he got the gist of it.”