Jeremy Siegel: Stock Market Prefers Trump

"The typical Wall Streeter's reaction to Thursday night was 'Okay, perfect,'" he wrote, adding that the event was ideal for investment bankers, traders, portfolio managers, managing directors and Street executives.

"Trump's victory means a higher likelihood that the 2017 tax cuts from his first term will be extended rather than sunset. This is priority one for people who are involved in the stock and bond markets professionally or who cater to wealthy families," Brown wrote.

Biden's debate performance means Wall Streeters "don't have to get into detailed defenses of Trump's calls for mass deportations or his Supreme Court justices having overturned Roe v Wade with their non-Wall Street New Yorker friends," he wrote. "They can skip all that because no one's talking about it this week. This week it's all 'Can you believe how out of it he was? Can't they switch him out?'"

Image: Bloomberg