As Daniel Diehl, the head of 23traders Brokerage Division explained, "The markets hate uncertainty and this creates volatility. As an investor, it is within this volatility that many potentially profitable investment opportunities can be found and should be taken advantage of."
Over the last week, the global markets have quickly adjusted to the election of Trump and the initial reaction and volatility are starting to settle. Based on this, Diehl recommends some assets that investors can now focus on:
- The US dollar has surprisingly traded to its highest level in 14 years against most other major currencies. The comes with the anticipation of an enormous spending spree of over $1 trillion by Trump, which is likely to boost the US economy in the short term. Based on this, the Federal Reserve is also likely to raise interest rates which will also have a positive impact on the greenback.
- Gold is considered to be a safe haven asset and while the price of this precious commodity surged after the election to over $1,300 an ounce, as the US dollar strengthens and economic prospects under Trump become favorable, the price of gold has declined again to as low as $1,211 an ounce. The price of this commodity is likely to move in the direction of the success or failure of Trump's presidency.
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