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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Tariffs, geopolitical volatility, and overall economic uncertainty have taken over this year. So far in 2025, the top-performing ETFs are all international ETFs, with a handful of gold and gold mining ETFs.
Several economic indicators are raising concerns and investor anxiety about a potential recession. When combined with persistent economic and geopolitical concerns, these indicators are leading investors to seek out safe-haven assets.
The VanEck Gold Miners ETF (GDX) is an exchange-traded fund (ETF) formed during the 2006 gold bull market as a way for investors to gain convenient exposure to some of the largest mining companies in the world.
The GDX underperformed the GLD over the past six months, and that's a major red flag for investors. Risks related to individual names within the ETF, alongside broader risks for the equity market, are likely to continue to weigh on performance. I remain focused on gold as a way to minimize risks related to the current monetary regime, and I am not yet willing to time the market through the GDX.
High-yield stocks face several headwinds right now. However, there are two sectors in the high-yield space that have major tailwinds. I share some of my top picks in these sectors right now.
Gold prices surged in 2024, driven by central bank buying, geopolitical tensions, and potential interest rate cuts, making gold miners an attractive investment. The VanEck Gold Miners ETF offers diversified exposure to gold miners, benefiting from operational leverage as gold prices rise, enhancing profitability and shareholder returns. Key risks include fluctuations in gold prices, problematic mergers, and rising operational costs, but GDX's diversified portfolio mitigates these risks.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.