Low growth would result from a Clinton victory, but a Trump triumph would mean a sharp downside reaction, explains Saxo Bank’s head of equity strategy Peter Garnry.

Should Donald Trump win the US presidency, Garnry says the market could move 5%-10% to the downside and this volatile scenario may provide opportunities to buy dips.

He says that a Clinton win could trigger a positive short-term reaction among stocks, perhaps a gain of 2%-3%.