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Volatility May Be the New Norm: Pro

Pullbacks in the stock market will continue to provide opportunities for investors, Citi Private Bank Global Chief Investment Strategist Steven Wieting said Monday.

Asked what he tells clients, Wieting said, "They should expect more volatility than we saw in the first five months. If we have a pullback, that's an opportunity, assuming as we do that the economic expansion is going to continue."

On CNBC's "Fast Money," he said that Federal Reserve Chairman Ben Bernanke would lay out the case for continued quantitative easing.

(Read More: Did Market Call 'Shenanigans' on Taper?)

"We're very far from having a complete, full, excessive expansion in the economy, and that's what's also going to be clear from Chairman Bernanke comments," Wieting added.

Bernanke would "probably explain to the market that eventually tapering off the pace of QE is not the same as outright tightening, and that might be marginally helpful," he also said. "It's a very difficult communications challenge right now."

(Read More: 2 Taper-Proof Stocks)

Wieting said that the stock market's fundamentals would strengthen.

"This year we're expecting earnings in the U.S. market to be roughly 30 percent higher than when the market last peaked in 2007, and the stock market is up 4, 5 percent since 2007," he added. "Valuation has actually come down in the age of QE."

(Read More: Trading Ahead of the Fed Meeting)

Trader disclosure: On June 17, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long SJM; Joe Terranova is long AAPL; Joe Terranova is long SPLK; Joe Terranova is long GLD; Joe Terranova is long TBT; Joe Terranova is long SWN; Joe Terranova is long GOOG JUNE 870 PUTS; Joe Terranova is long GS JUNE 165 PUTS; Joe Terranova is short MINI S&P FUTURES; Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long JPM; Stephanie Link is long WF; Stephanie Link is long FB; Stephanie Link is long WY; Stephanie Link is long CSCO; Stephanie Link is long HIG; Josh Brown is long AAPL; Josh Brown is long C; Josh Brown is long TLT; Josh Brown is long XLF; Mike Murphy is long LEN; Mike Murphy is long FB; Mike Murphy is long INTC.

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