Investors are 'sanguine' about Trump winning reelection. “Investors clearly are not factoring in any kind of likelihood of a Democratic win,” warns State Street.
Federal Reserve chairman Jerome Powell is in the spotlight on Tuesday, as he heads to Capitol Hill for two days of testimony.
“I think investors are sort of sanguine about the idea that [President Donald] Trump will mostly likely win, and if you look at most of the analysis, they predict overwhelmingly that Trump will defeat any of the likely Democratic candidates,” Heinel told MarketWatch. Wall Street has cheered the president’s term in office as it has come with new highs for stock markets, but some fear the possibility of tax hikes and fresh regulations from a leftist Democratic candidate.
“Gold is one of the few asset classes that does provide those positive returns in strong upward-leaning equity markets as well as protection on the downside,” said Heinel.
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