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Market 'would appreciate' Clinton win, says Art Cashin

UBS' Art Cashin said Monday the markets wouldn't mind a victory by Hillary Clinton as long as Republicans maintain their hold on the Senate.

"The market would appreciate that" because investors like government gridlock, he said on CNBC's "Squawk on the Street."

Cashin, UBS' director of NYSE floor operations, noted that London bookies have upped the odds of a Clinton victory over Donald Trump. (The London bookies were wrong on their prediction of the Brexit referendum in June.)

"The negatives that Mr. Trump produces will just make people not vote for him, or it will drag people out committed to vote against him," Cashin said. "That is really a key question here."