Biden Vs. Trump: Here's what to expect in the markets once 2020 election is decided

Will Weatherford, Weatherford Capital Managing Partner and Former Speaker of the Florida House joins Yahoo Finance with his market outlook as the presidential election in the U.S. approaches.

ADAM SHAPIRO: So let's look at how all of this impacts markets, and to do that we're going to invite into the stream Will Weatherford. He is Weatherford Capital managing partner and former speaker of the Florida House. Good to have you here. I want to ask you, Will, in a broad sense, with what, 18 days until the election, do markets-- is it already in the rearview mirror for markets?

WILL WEATHERFORD: I think the markets have baked in quite a bit of what's taking place in the election. I mean, when you look at it, it seems like the markets are buying into the polling and that the polling is suggesting that Joe Biden is leading this race and is more likely than not to win it. It also appears that the Democrats may take the Senate, so it does feel like the market's done a good job of baking in some of the more likely outcomes.

JULIE HYMAN: And so walk me through, Will, then you're thinking about if that is the likely outcome, then what, right? What are the sort of presupposition the market is making with an acknowledgment that-- even forget about the polling the last time around. The market also was all over the place, right, in terms of reaction. That was also very unpredictable.

WILL WEATHERFORD: Yeah, I mean, I think, you know, the market's thinking short term. They're focusing on, more likely than not, a big stimulus bill. I mean, if the Democrats win, you can just count on a much larger stimulus package taking place. Conversely, if the Democrats get a clean sweep, you're going to see tax increases, and you're probably going to see more regulation.

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