The reports of Wall Street being in suicide-watch mode over the possibility of an Elizabeth Warren presidency may have been a bit premature.

Apparently, “accountable capitalism” isn’t quite as scary as early reports indicated, now that investors have had a chance to digest it all.

“Any pain from a Warren win is likely to be temporary,” Lori Calvasina, RBC’s head of U.S. equity strategy, wrote in a report Monday that was partially underpinned by a survey of RBC industry analysts. “Most of the sectors at high risk under a Warren presidency from a policy perspective (Financials, Energy, Health Care, Industrials) are already deeply undervalued versus the broader market.”

In other words, everything will be fine under a President Elizabeth Warren.

Warren has put out ideas like “accountable capitalism,” and advocated for consumers throughout her career. Her steady surge in state and national polls has caused concern about sectors such as biotechnology, for-profit schools, health insurance, and even the U.S. dollar. Some market players have voiced unease.

But wait, there’s more good news that should calm many …

There’s potential for market winners as well, according to the RBC report. For one thing, the election of a progressive Democrat could be “supportive of the already growing popularity of ESG as an investment approach,” Calvasina said.

She also said small caps might outperform larger stocks, as they may have less direct risk from policy changes.

Any breakups of big technology companies “would be a problem” for a few stocks with “mega” market capitalizations, though it could be a positive for retailers and others that have suffered from the rise of Inc., she wrote. And regional banks might be hurt less than the bigger financials, she said.

“The stock market tends to go up over time, regardless of who occupies the White House,” Calvasina wrote. “Ultimately we think Corporate America and U.S. equity investors would learn to adapt to new political leadership, as they always do.”

Now that this is settled, we can all get back to choosing the candidate we most agree with or just want to be in the White House.

Featured image via