Vermont Sen. Bernie Sanders is favored to win the New Hampshire Democratic primary Tuesday, but markets give him low odds of winning the White House and are betting on a victory by President Donald Trump.

Analysts said the primary will be important, however, because it could add some clarity to the path of moderate candidates running against the left-leaning Sanders.

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It may also give an early look at where former New York Mayor Michael Bloomberg might fit in, once he joins primary races on Super Tuesday. Bloomberg, a successful businessman and founder of Bloomberg L.P., is not in the New Hampshire primary, but he is the Democratic candidate that might be most palatable to markets.

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