The market rallied ahead of Super Tuesday, but two things remain unclear: how the results affect stocks and what equities are looking for.
"Clarity is what the market wants," Art Hogan, Wunderlich Securities' chief market strategist, told CNBC on Tuesday. "We started out with 16 choices on the Republican side; we are down to five, perhaps we get down to three after Super Tuesday," he said in an interview with "Power Lunch," adding that it's still "not enough clarity."
Hogan highlights that Super Tuesdays have been important for the market when the results are clear. He noted, however, that the Republicans' lack of consolidation makes it difficult for market watchers to gauge the future. In contrast, the strategist thinks the Democratic Party will tell "half the picture."
But more than clarity, Erik Ristuben of Russell Investments told "Power Lunch" on Tuesday that the market cares about certainty. The chief investment strategist foresees that Donald Trump will most likely become the Republican nominee, but the candidate's intentions remain murky.