Stocks Will ‘Get Pounded’ if Trump Elected President, Warns Wedbush Trader

Hillary Clinton is the ‘most market-friendly’ candidate in race

by Shawn Langlois
Market Watch

If Donald Trump manages to tighten his grip on the GOP nomination by winning key winner-take-all primaries in Ohio and Florida Tuesday, his rivals might not be the only thing dropping.

“If Trump comes out with a clear lead—meaning that he takes both Florida and Ohio—then I think the market’s going to get nervous,” Ian Winer, head of equity trading at Wedbush Securities in Los Angeles, told the Canadian news outlet BNN in an interview Monday afternoon.

But a “nervous” market is nothing compared with what we might see if Trump actually wins the White House, Winer warned. That’s when it’ll get really interesting, meaning — in Winer’s mind — scary.

“If Trump becomes president of this country, the S&P 500 will go to 1,000. People are brushing it off, but there is absolutely no way that this market—and this economy—does not get pounded,” he said. “Bad for home builders, bad for everybody, but most of all bad for the United States of America.”

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