Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said the stock market will continue to move higher regardless of a Trump or Biden presidency.
"Irrespective of whether the Democrats or Republicans are in office, if you're trying to generate returns you need to be long and you will probably get rewarded," Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said at the Delivering Alpha conference.
"Irrespective of whether the Democrats or Republicans are in office, if you're trying to generate returns you need to be long and you will probably get rewarded," Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said at the Delivering Alpha conference presented by CNBC and Institutional Investor.
The Federal Reserve slashed interest rates to near zero in one of many efforts to shore up the economy that was reeling from the coronavirus shutdown. The central bank has also created programs to provide liquidity to needy companies.
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