Here’s how traders are positioned ahead of U.S. Election Day

The “Fast Money” traders shared their strategies before Americans pick either Donald Trump or Hillary Clinton as their new president.

Trader Steve Grasso cautioned investors to wait for closure from the election before shuffling their portfolios. He said he would mostly hold cash going into the election.

Trader Brian Kelly said he is holding gold going into the election. For one, it works as a tail-risk hedge in the situation where Trump wins, but Kelly explained that both major party candidates will push up inflation expectations.

For investors looking to stay long in the financial sector, trader Guy Adami said to look at U.S. Bancorp as it’s “the most conservative bank out there.”

Source: CNBC