Stocks vs. 'safe havens': Two traders on whether gold, bonds are worth buying as election results roll in

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Stocks are a better bet than traditionally 'safe' assets such as gold or bonds given the market's unique circumstances, one trader says.

of the Republican Party maintaining control of the Senate. Many fear a Republican Senate and Democratic presidential victory would bring about a smaller fiscal stimulus package than anticipated.

"Ultimately, to steal the old political phrase, I think this is a story about 'This is the economy, stupid.' And the economy is in recovery," he said. "That's good for risk assets, and it will continue to be good for risk assets regardless of what the eventual outcome is over the next couple days here with the presidential election."

"The last six weeks or so of an election year are always positive," Maley said in the same "Trading Nation" interview.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines