When it comes to the stock market, the effects of the presidential election are difficult to predict, according to analysts.
On one hand, they say there's Hillary Clinton, whose policies would remain largely the same after the Obama administration; on the other, there's Donald Trump, described as an economically driven wild card ready to make changes.
This level of uncertainty has the power to leave the market "very unsettled," Citi Private Bank Global Head of Managed Investments David Bailin told CNBC's "Squawk Box" on Monday.
"Volatility is extraordinarily low, on the one hand, and on the other hand, the policy divergences are extraordinarily large," he said, noting the unusual circumstances leading up to Monday night's first presidential debate between Trump and Clinton.
"I think neither candidate has super market-friendly policies," Dean Curnutt, CEO of Macro Risk Advisors, said on CNBC. "Both have been reasonably anti-trade. Clinton was pulled pretty far left by Bernie Sanders. Trump's policies really resemble very little of what we typically associate with free-market Republicanism."