NEW YORK (TheStreet) --O'Neil Securities director Kenny Polcari and Rosenblatt Securities managing director Gordon Charlop joined this morning's "Squawk Alley" on CNBC to discuss the market's reaction to last night's first U.S. presidential debate between Hillary Clinton (D) and Donald Trump (R).
"I think the market has always expected a Clinton presidency. The market today, even after last night's debate, is no less concerned that it's going to end up being a Clinton presidency. I think if they really thought there was a change of heart you would have a more violent reaction in the market, and you're not seeing it," Polcari explained.
He believes that the lack of reaction by the markets indicates that it favored Clinton's performance over Trump's last night.
"Truth be told Wall St. is Republican populated, but I don't think Wall St. really wants Donald Trump. I think they think he's too volatile, doesn't have a real solid economic plan, and that there could be a lot of global instability with him. I think the fact that the market is settled down today speaks to the fact that Wall St. is more comfortable and wants Clinton to win," Charlop said.