The bond market may also be on the losing side of the register.
“He does have a lot of programs that cost a lot of money,” said Greg Valliere, chief strategist at Horizon Investments. “To me it’s a reason why the long-term trend in bond yields is higher. I think if he were to win, the deficit would jump significantly. If Hillary were to win, I think the deficit would jump modestly. I think that is something the bond market is going to have to pay attention to.”
“There’s really this pervasive anti-Wall Street, anti-business view in both parties. I think there’s a cloud over Wall Street that’s not going to dissipate anytime soon. The problem with Trump is just the level of uncertainty. With Hillary, I think she’s more practical. She’s not going to try to put Glass-Steagall back together again. She’s not going to try to dismantle Dodd Frank,” said Valliere.