Peter Schiff Says Monday Stock Slump Would Cement Chances of Democratic Election Landslide

Peter Schiff said a slump in U.S. stocks on Monday would further strengthen the chances of a Democratic landslide in Tuesday's election.

Cointelegraph reported on October 30 that Schiff made the prediction while discussing a link between the U.S. stock market and the election outcome.

He argued that investors may be pricing in the possibility of a Democratic victory, which could trigger a sharp selloff in stocks.

Schiff's comments reflected his personal view of pre-election market moves and the election result. They do not mean either the market's direction or the outcome of the vote has been determined.