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Strategas' Jason Trennert on how markets may react to Democrats winning in Georgia

"I think there's an expectation... that there's going to be a lot more spending," Jason Trennert, chairman at Strategas Research Partners, told CNBC's "Squawk Box" Wednesday regarding the possibility that the Democrats may pick up both of the Senate seats in Georgia. "You have to remember the House, the initial offer on the table after we passed three fiscal stimulus measures was $3 trillion. We've got it down to $900 billion but if the Democrats were to pick up two seats, there's no question in my mind that later this year there would be a sense that more spending is needed."
04:16
Wed, Jan 6 20217:59 AM EST