Stocks will return to record highs regardless of election outcome, $300M money manager predicts


Money manager Loreen Gilbert is optimistic the market will return to all-time highs this year, and it has nothing to do with who wins the presidential election.

She’s building her case on a strong — albeit uneven — economic recovery.

“You can’t fight the train that’s already in motion,” WealthWise Financial CEO, told CNBC’s “Trading Nation” on Tuesday.

Gilbert, who has $300 million in assets under management, also believes the probability of getting a second coronavirus aid package is growing. 

Plus, she isn’t worried about the potential of a contested election.

“I don’t think it’s going to be as significant as the pundits are saying,” said Gilbert. “I do think we will have a answer, hopefully, going into December.'”

She predicts the removal of uncertainty would set the stage for a return to record levels.

Yet, she acknowledges investors will have to cope with volatility in the meantime, and the ultimate sector winners will be contingent on whether President Trump or Joe Biden takes the White House.

So, her best advice: Resist the urge to go to cash, but be well-diversified going into the election. 

“People don’t want to be out of this market,” said Gilbert. ”We are in a bull market run.”

The S&P 500 is off almost 8% from its record high hit on September 2, but it has surged about 45% since the March 23 low.


Products You May Like

Articles You May Like

Carbon farming: fighting New Zealand’s agricultural emissions | FT Food Revolution
Have a large amount of cash to invest? Here’s how deploying it all at once compares with doing so over time
Nike can turn its snarled supply chain to its advantage to boost its direct-to-consumer business
Nike shares fall as supply chain havoc leads retailer to slash revenue forecast
There’s only a few months left to sign up for advance child tax payments. Here’s what it means for future checks

Leave a Reply

Your email address will not be published. Required fields are marked *