SMM News: gold continues to fluctuate recently, while U. S. stocks once fell sharply this week, and the market is divided on how gold and stocks will perform for the rest of the year.
David Barse, chief executive of XOUT Capital, says he is still bullish on the stock market, but should clear the portfolio of stocks that are not performing well, rather than just picking stocks that perform well into the portfolio.
Celsius Network CEO Alex Mashinsky said that he is more optimistic about the performance of gold, but also optimistic about the digital currency.
Mashinsky believes that gold and bitcoin will be the "ultimate insurance" in the current environment, especially when the Fed has injected unprecedented liquidity into the market, in which case fixed-income assets are less popular.
Barse points out that the performance of the stock market in the past few weeks, including August, has been rare in the past.
"it's strange that Apple shares have risen so much in such a short period of time. In my opinion, the stock market should look at the long term. "
Barse said it would not hold too much gold because gold itself does not yield.
Mashinsky believes that there will be more risks in the future market, and investors should turn to gold and bitcoin for a safe haven.
"the Fed's massive easing can help big companies, but small businesses will suffer or even fail, which will cause a lot of problems and may even lead to the next bailout of the banking system."
As a result, Mashinsky says such large-scale money printing is worrying.
"if you don't think this is worrying, put your money in the stock market, but if it worries you, you should buy gold and bitcoin because they are less correlated with other assets."
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