Wall Street might actually be fine with Sanders moving to the front of the Democratic pack

A clash between President Donald Trump and the Vermont democratic socialist gathered more chatter Tuesday amid reports that Sanders showed impressively the day before in Iowa and is pushing closer to the front of the Democratic pack.

this week. While it's impossible to tell how much the changing political dynamics tie into that , there's clearly a sentiment across the investing community that a Sanders presidency, with its expected broadsides against wealthy Americans and big business, would be trouble for the market.has risen about 58% since Trump's election. Anything that suggests status quo, then, would garner support from the Street.

With New Hampshire then Super Tuesday on the horizon, Sanders likely will continue to build momentum. Biden still leads nationally by 3.3 points, according to the latest RealClearPolitics consensus, but things can change quickly when it comes to presidential politics. As the muddied electoral picture gets clearer, markets will start to make their bets. Trump against a Biden or Mike Bloomberg would present an entirely different choice than Trump vs. Sanders.

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