Why the Trump 2.0 trade is over

Yahoo Finance Executive Editor Brian Sozzi has a lively discussion with tastylive Founder & CEO Tom Sosnoff. Sosnoff is viewed by many traders as the Godfather of trading, having co-founded popular platforms Thinkorswim and tastytrade. With decades of trading experience under his belt, Sosnoff shares how one should think through trading a potential volatility boom around the presidential election in November. A sense of calm had come over the markets in recent months amid a view former President Donald Trump would win four more years in the White House. Oil stocks have caught a bid. Bitcoin has taken off. Love him or hate him, markets see Trump as friendlier to markets than current President Joe Biden. But the trading landscape may be poised to change once more as President Biden stunned the world by saying he won’t seek re-election. So what’s a novice or experienced trader to do amidst such election season uncertainty? Is the Trump Trade safe? How do you play a potential President Kamala Harris? Sozzi and Sosnoff dive in! Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:00-Tom Sosnoff joins Opening Bid 8:00-What investors should be thinking ahead of next Fed meeting 12:00-Chic volatility 15:00-Will the Trump trade unwind? 17:00-Sosnoff: don't play the political game with your investments 18:00-Heightened volatility for the next 3 months 20:00-Best options play Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky. Tom Sosnoff is an entrepreneur, options trader, co-founder of Thinkorswim, and founder and CEO of tastytrade. Learn more about your ad choices. Visit megaphone.fm/adchoices