A "flight to safety" mindset will take over the market, Fund manager David Kranzler says. He sees the stock market selling off further, pushing money into precious metals.
As for the mining sector, many minings stocks are undervalued more than they have been in the last 78 years, Kranzler says.
Trump may end up appointing 6 of the 7 Board of Governors of the Federal Reserve. Does this count as politicization of the Fed? The Fed has been politicized for a long time, Kranzler argues.