Week Ahead: Main Street leans toward Sanders, but Wall Street says Trump

Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.

The sharp mismatch in expectations could stoke market volatility if Wall Streeters are wrong and a Democrat emerges victorious-especially if that winner is Sanders, whose promises to break up big banks, take on drug companies and essentially abolish private insurance in favor of a single government-run plan have unnerved some investors. Many on Wall Street were unprepared for Trump's win in 2016, which was followed by sharp swings in asset prices.

Those primaries come as the markets are gripped by concerns over the economic fallout from the spreading coronavirus outbreak, with the number of cases beyond China accelerating rapidly. U.S. stocks plunged for a sixth day on Thursday and the S&P 500 confirmed its fastest correction in history. After Sanders' commanding victory in the Nevada caucuses in February, shares of insurers such as UnitedHealth Group Inc and Centene Corp sold off on what some analysts said were concerns over the potential nomination of a Sanders nomination.

Gary Bradshaw, portfolio manager at Hodges Capital Management in Dallas, Texas, has kept most of his attention on the coronavirus outbreak in recent days and isn't eager to make any election-related portfolio moves yet.Still, some investors believe the election can fuel market swings this year.

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