Expect a GDP rebound, trade-policy madness and predictions to become 'investable'

Disappointing results last week for gross domestic product were a temporary setback, caused in part by the effects of last fall's government shutdown, but Vijay Marolia, chief investment officer at Regal Point Capital expects GDP to come roaring back over the next nine months, topping the 4% level and going beyond the mere snap-back from the shutdown impact. He suggests that will happen provided that the economy can overcome trade-policy uncertainties stemming from continued tariff changes, the latest created by the Supreme Court decision striking down the Trump Administration's ability to use an emergency-powers act to authorize them. Plus, Vijay talks about his experience fooling around on prediction markets and how that has led him to see that those markets — which most see as a different form of gambling — will have real-life impacts on investment theory and strategy in the very near future.