How either candidate will impact markets

TheStreet Pro's Stephen 'Sarge' Guilfoyle explains the short-term market impact of either a Harris or Trump election victory.

Transcript

00:00Okay, this is what I'm thinking. For the short term, if we were to have a Harris

00:04victory, because I don't think it's a runaway in either direction, although it's

00:07starting to be portrayed that way. If we should have a Harris victory, and the

00:11Democrats do well in the legislature, I think that means probably higher

00:16capital gains taxes. So that probably increases the tax force harvesting season.

00:20It probably increases the profit-taking season going into the new year. That's

00:25her negative. The Trump negative, if Trump should win and the Republicans do well,

00:29is sustaining the level of, going forward a little further out, is sustaining the

00:34level of foreign participation in our Treasury auction markets that we have

00:39had for quite some time, forever really. We're going to be challenged to

00:43stay friendly with those who we need to buy our Treasuries. So

00:48there's a negative for each side right there.