NEW YORK (TheStreet) -- The rally that we're seeing in the markets today means that investors are anticipating that Democratic presidential candidate Hillary Clinton will win the election on Tuesday, BMO Capital Markets Chief Investment Strategist Brian Belski said on CNBC's "Power Lunch" on Monday afternoon.
"The market is telling you Clinton is going to win. And that's why we have seen this rising tide after a week last week of much consternation," Belski said.
In general, gridlock is "good" for markets, he noted. We've seen "pretty decent" results with a Democrat in the White House, Republican in the Senate and Republican in the House, as well as when we have a Democrat in the White House, a Democrat in the Senate and a Republican in the House.
The "best result" overall is when we have a Democratic sweep across all three sections, Belski said. "Those numbers have been a bit skewed," however, because they "really took place in the 20s and 30s and 40s, when clearly our economy is much different."
Markets don't like "turmoil" that can't be predicted, Richard Bernstein Advisors' CEO and additional guest on the show Richard Bernstein added.
That "cloud" of uncertainty" has largely been lifted, which has aided to the rally, he explained.
His comments come after FBI Director James Comey announced Sunday that after its new investigation into Clinton's emails, the FBI still believes she should not face criminal charges.