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

Share
(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

(This story is for CNBC Pro subscribers only.)

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.

More In Investing trends

CNBC ProThese stocks could benefit as Texas and other states remake energy infrastructure
CNBC ProHow to play the coming infrastructure super cycle, according to Morgan Stanley