(CNBC) Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November. “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
Palihapitiya says election won’t matter, stocks going higher next 4 years: ‘You need to be long’
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