If given the keys to the White House, Donald Trump's policy on trade deals and global relationships could turn the tide of globalization, according to one investment strategist.
When accepting his official nomination as the Republican candidate to be the next U.S. president, the billionaire businessman said "Americanism not globalization will be our credo" adding "We (the U.S.) will never-ever sign bad trade deals."
This followed earlier statements in which Trump took aim at globalization blaming it for "wiping out the U.S. middle class".
Speaking to CNBC Tuesday, David Roche, president and global strategist at Independent Strategy said a Trump presidency holds real risk for markets.
"He could reverse globalization which is part of the bedrock of financial market returns because it speaks directly to how equities will operate," he said.
"You go for instance from buying global brands to local subsidized players."
Roche said political events are becoming more of a risk factor on the upside and the downside for equities.
In terms of supporting equity markets, Peter Oppenheimer, chief global equities strategist at Goldman Sachs, told CNBC Tuesday that both Trump and Clinton could provide some benefit.
"As you move toward the U.S. election you are going to see more uncertainty again. The one potential for support is that both are more likely to increase fiscal spending," he said.