US election win for Trump can drive market up in 1 year: Jim Rogers

NEW DELHI: The marquee investor and commodities guru Jim Rogers said if Donald Trump were to get re-elected in US presidential elections, history suggests, the market will go up in the next 1 year.In an interview with ET NOW, Rogers said he has no intent to sell either gold or silver. If anything, he plans to buy more of the precious metals.Rogers said that dollar remains a robust investment and he would sell it only when it gets overpriced, which could happen in the next 2-3 years.Rogers also said that raising taxes has rarely been good for the market and if Trump gets re-elected, he may tone down the rhetoric on China. On asking which asset class or investment does he sees in bubble, he replied FAANG stocks. "FAANG stocks go up every other day; they never go down and that is a bubble. I am not shorting them as I have seen assets in a bubble for more than what anyone could expect them to."

from Economic Times https://ift.tt/3k2XzKg