Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.FILE PHOTO: Employee tends to medical cannabis plants at Pharmocann, an Israeli medical cannabis company in northern IsraelMark Tepper, Strategic Wealth Partners CEO and president, said that a Biden win will cause a quick sell-off in the markets.
He suggested investors reposition their portfolios with clean energy and cannabis stocks if a Biden presidency becomes more likely in the next few months. Tepper told Fox Business that the market has liked President Trump, and that he believes there's a "silent majority" that will cause Trump to win again.Mark Tepper, Strategic Wealth Partners CEO and president, said he believes signs are pointing to another Trump win, but if anything changes between now and November, investors will need to reposition their portfolios.on Wednesday that "obviously the market has liked President Trump's pro-growth and pro-business policies.
The CEO shared his tool for how investors can gain insight into who the market thinks is going to win. He said to look at the performance of the S&P 500 index from the beginning of August until the election. In past elections, when that performance was positive, the incumbent party remained in office 87% of the time, Tepper said.
If the S&P 500 trends downward as November nears, Tepper said Strategic Wealth Partners "would definitely reposition." He suggested investors seek out clean energy stocks, as Biden's campaign is emphasizing clean energy in its climate plan.
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Well, cannabis obviously, because you won't want to deal with the reality that ensues.
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