Election risk: "Do your homework" says top strategist

President Biden's decision to drop out of the 2024 presidential race serves as a reminder to traders that in the world of politics, things can change quickly. For investors, it means you shouldn't back up the truck and go all in on trading potential White House winners and losers.

In other words, the fundamentals of investing still matter! Yahoo Finance Executive Editor Brian Sozzi chats with former Bridgewater Associates Chief Investment Strategist Rebecca Patterson.

"The most important thing for investors is that you have to put all the possible policy changes in aggregate" she says of the election, adding that you have to look at what has "already been priced in".

For context, Bridgewater Associates is the largest hedge fund in the world and arguably the most influential in markets. Patterson reveals her best investing strategies that she used with success at Bridgewater and in her prior positions at JPMorgan.

Patterson is also a fan of currencies, and looks to demystify the process of making money on pieces of paper such as the US dollar and the Japanese Yen.

"I was writing for Dow Jones and JPMorgan called", Patterson recalls about her earlier career. "To me currency markets are the intersection of everything" she adds.

Opening Bid brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.

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