Tuesday, December 20, 2016

Marc Faber's Contrarian Trump Strategy: Buy Gold, Emerging Markets

Marc Faber, the editor and publisher of “The Gloom, Boom & Doom Report,” says the savvy investors will know the right moves to make amid the current rally as the stock market continues to bask in Donald Trump’s election victory.

Faber suggested many investments that appear contrarian, including gold and emerging markets. He sees opportunity in some other beaten-down assets, such as the euro and bonds.

However, he warned investors to stay away from assets that have rallied, like the U.S. dollar.

Shrewd investors should seek stocks that are "oversold, and avoid the sectors that are overbought," he told CNBC.