Kramer said Monday’s actions suggest some are expecting Harris to win.

CNBC’s Jim Cramer reflects on Monday’s market action, saying that despite the race remaining deadlocked in polls on the eve of Election Day, the session saw Vice President Kamala Harris win the presidential race. He said it reflects investors who feel they can win.

“We don’t know if the market is right about what a Harris presidency means for business, but at least now we have a blueprint for what Wall Street thinks it means. “

Cramer said traders are trying to get ahead of the election results and are looking for signs that someone knows something that others don’t. He suggested that some on Wall Street may be expecting Harris to win. The reason for this is that a surprising new poll released this weekend shows Harris leading in the traditionally red state of Iowa, potentially pushing former President Donald Trump, who won the state in the presidential election, behind her. Because it looked like. the past two elections. Polls show Ms. Harris leading Mr. Trump 47% to 44%, a finding that Mr. Cramer said makes investors question whether other red states could turn blue. He said it became.

He pointed to several sectors that made progress on Monday, including homebuilder DR Houghton. lenner and toll brothersPrices may have risen as investors looked forward to the impact of Harris’ proposed tax cuts and aid for first-time homebuyers. Companies that rely heavily on imports, such as alcohol distributors constellation brand or cosmetics company elf beauty Cramer said the vice president may have balked at the prospect of a Harris administration because she has a more moderate trade stance compared to the vice president, who has vowed to impose dramatic trade tariffs on entire industries. .

On the other hand, hyperscaler stocks Amazon and alphabet He added that the price had fallen. Cramer could raise suspicions on Wall Street that Harris will continue the Biden administration’s tradition of strong antitrust enforcement, perhaps retaining officials like Federal Trade Commission Chair Lina Khan, who is tough on big companies. He said that there is a sex.

“I like the idea of ​​being able to quickly understand what traders are thinking,” he says. “Again, I don’t believe that traders can best predict anything other than what other slow traders will do within the next day or two. It’s simply not worth changing the portfolio. That’s it. I think it’s fine as is.”

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Disclaimer CNBC Investing Club Charitable Trust owns stock in Constellation Brands, Alphabet, and Amazon.