NEW YORK (TheStreet) --The S&P is on pace for its best day in eight months, a much-needed relief for an index that has closed lower for nine straight trading sessions. However, Chantico Global founder and CEO Gina Sanchez believes a Donald Trump (R) victory could prove depleting to the markets.
"I totally agree that the downside is far worse than the potential upside of a Clinton (D) victory," Sanchez said on CNBC's "Power Lunch" Monday afternoon.
That said, Sanchez is currently of the belief that Clinton will capture the Presidency, which means welcomed news for the transports. "Transports will be a huge beneficiary of Clinton's plans," she noted.
"But, when we modeled Trump scenarios, Oxford Economics showed that the potential downturn in the economy could be devastating," Sanchez added.
Should Donald Trump win the election tomorrow evening, markets could descend 10% or more, Sanchez said.