The presidential election may be polarizing, but the outcome may not be as disruptive as some people fear, JPMorgan strategist Gabriela Santos said Friday.
"We've been talking [to clients] about it as an election of extreme, but a government of moderation, no matter who wins," the global market strategist said in an interview with CNBC's "Squawk Box."
Santos conceded that the election will matter in certain "microsectors," but in terms of the larger U.S. economy, returns, and client investments, there is no need to wait for the election's outcome, she said.
One area Santos is concerned about is trade, but on a broader scale than the candidates' differences on the matter.
"If you think about trade as a big promoter of investment by companies, as a driver of productivity, as a driver of growth, … we are concerned to that extent about this recent rhetoric against trade," she said.