The market has not priced in the chances of Democrats taking both houses of Congress this year, but the scenario is growing more likely due to two words: Donald Trump, policy analyst Brian Gardner said Wednesday.
Trump's recent failure to clearly disavow a prominent white supremacist's endorsement has made Hillary Clinton the front-runner in a likely general election between the two, Gardner told CNBC's "Squawk on the Street."
The analyst for the financial services firm Keefe, Bruyette & Woods was referring to former Ku Klux Klan leader David Duke's endorsement of Trump's campaign. Rather than disavowing him in a widely cited interview on CNN, Trump said he did not know anything about Duke. He later blamed a faulty earpiece.
"I think he just gave Hillary Clinton talking points and an ability to energize the base of the Democratic Party in a way that she never could have done without those comments," he said.
Neither Trump nor Clinton has secured their respective party's nomination, but both candidates cemented their leads on Super Tuesday.