Top Stories
Top Stories

Dinan: A Hillary Clinton presidential win is a win for equities globally

Dinan: Big issue is who controls House & Senate

York Capital Management founder Jamie Dinan told CNBC on Tuesday that if Hillary Clinton wins the presidential election, it will be positive for equities globally.

The hedge fund manager, who has donated to Clinton's campaign, made his comments alongside Avenue Capital CEO Marc Lasry on CNBC's "Fast Money Halftime Report."

Dinan made his case for the Democratic presidential nominee's potential effect on markets by citing the uptick stocks saw broadly after the first presidential debate between Clinton and GOP nominee Donald Trump. The debate was the most watched ever on TV and digital.

"You saw that in terms of the first [presidential] debate, basically. The futures spiked ... actually even before the debate was over," Dinan said. "And I'm just talking really how the market's going to react."

Still, at the end of the day, whoever wins the presidential bid won't truly affect the economy, he added. He said future moves in the market will center around who will be in control of the House and Senate.

Clinton will likely have a challenge gaining control of the House — but should fair better than Trump.

"Someone needs to reach out across the aisle, compromise and basically ... cut deals, and I think Hillary can do that," Dinan said.