Stock market analysts always worry around the time of a Presidential election.
The markets can react unpredictably when a certain candidate gets elected.
According to Stifel the S&P 500 will sell off initially if the Senate or Presidency remains Republican after the election.
Business Insider reports that a note from Stifel says the S&P may fall following this election outcome.
With the Republicans in charge hopes of a large fiscal stimulus will fade.
Stifel noted that the market has likely discounted a possible Democratic sweep, with an expectation of "big spending" in 2021 and 2022.