Stocks could fall 10% if Democrats win the Georgia Senate runoffs, Oppenheimer says

(R to L) U.S. Sen. David Purdue (R-GA) and Sen. Kelly Loeffler (R-GA) wave to the crowd of supporters at a "Defend the Majority" rally with Sen. Tom Cotton (R-AR) at the Georgia National Fairgrounds and Agriculture Center on November 19, 2020 in Perry, Georgia.
Jessica McGowan | Getty Images

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Investors have a lot at stake in Tuesday's Senate runoffs in Georgia, according to Oppenheimer.

The Wall Street firm said if the Democrats win both seats, the stock market could experience a correction from its current record levels because the Democrats would gain control of the Senate, in addition to the House and the White House.

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