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What to Expect From the Markets Following a Trump or Biden Victory

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America is less than 30 days away from the election. 

Right now, former vice president Joe Biden is leading in many polls against President Donald Trump. 

Right before the closing of the trading day on Tuesday, President Trump announced via Twitter that he has instructed his representatives to cease stimulus negotiations until after the November Presidential election.

Trump, who returned to the White House from Walter Reed Military Medical Center Monday following testing positive for coronavirus, tweeted that House Speaker Nancy Pelosi is not acting in good faith. "We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their request and am looking to the future of our country," Trump said.

Trump added that he will push forward a "major Stimulus Bill that focuses on hardworking Americans and Small Business" following the results of the election.

Pelosi had been in talks with Treasury Secretary Steven Mnuchin for over a week following the House passage of a revised $2.2 trillion Heroes Act.

Trump said instead of stimulus, the Senate should instead focus on the approval of his Supreme Court nominee Amy Coney Barrett.

Responding in a statement, Speaker of the House Nancy Pelosi said the President is putting himself over the country. “Walking away from coronavirus talks demonstrates that President Trump is unwilling to crush the virus, as is required by the Heroes Act. He shows his contempt for science, his disdain for our heroes," Pelosi said.

So, with this development coming just days after the President himself tested positive for the coronavirus and  was hospitalized over the weekend, 

SlateStone Wealth senior wealth strategist Kenny Polcari joined TheStreet to discuss the various outcomes from a Trump or Biden victory. 

Watch the video above for more.

You can follow Katherine Ross on Twitter at @byKatherineRoss.

Read more from Katherine Ross here.

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