There's one key reason the U.S. stock market rallied after this month's presidential election, and it wasn't necessarily because of the outcome, according to Dan Clifton of Strategas.
"What we saw was that the market was pricing in a 50-50 election.
[Investors] didn't know who was going to win," Clifton, the firm's head of Washington policy research, told CNBC's Dominic Chu in this special Pro Talks discussion available to all readers.
Instead, "we had it very clear … we knew [President-elect Donald Trump] was going to win," he said.
(Pro subscribers can watch the full interview here .)
Persons:
Dan Clifton, Clifton, CNBC's Dominic Chu, Donald Trump, Trump, gridlock —
Organizations:
CNBC, Republicans, Senate, CNBC Pro
Locations:
Strategas, Washington