Guggenheim’s Scott Minerd believes in post-election rally, has 'fairly positive' market outlook

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'I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,' Scott Minerd told CNBC.

While NBC News has not made a projection about the balance of power in the Senate, some market watchers believe the stock gains were spurred by a belief that

, thereby standing in the way of a potential Biden administration's desire to raise corporate and capital gains taxes. Both policy changes are generally considered to be a headwind for equity valuations.and the risk to the economy's recovery. "The rate of new Covid cases has gone exponential," he said.

"I think we are still in for a pretty severe period of infection coming through the fourth quarter and into the first. That obliviously is going to create a lot of noise in the economy, but it is going to put more pressure on stimulus and the Republicans in the Senate to compromise on providing even more stimulus," Minerd said. Republicans have favored a smaller stimulus deal than Democrats.

 

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Yup, and he mentioned Silver earlier this year. Better also have some Bitcoin

Ok lets just cancel that trip to 2850 then!!

Same guy called retest 2xs of March lows. Smh

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