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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.

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