In the face of an election and tightening financial conditions, the United States is in desperate need of fiscal stimulus, two strategists say.
"We need to see what's going to happen with the new administration and Congress in the first 100 days," Deutsche Bank's David Bianco said Thursday. "This economy does need fiscal stimulus, and we might not be getting it."
Bianco, Deutsche Bank's chief U.S. equity strategist, told CNBC's "Squawk Box" that while he is worried about the risk the upcoming election poses to the markets, he recommends some investments regardless of the outcome.
"This is what I'm advising investors to do: stick with what I think is the core attractive part of the market," Bianco said, noting that the health-care and technology sectors have reasonable valuations and steady sales and earnings growth, making them a safe bet, according to the strategist.
Mike Ryan, chief investment strategist at UBS Wealth Management Americas, said that even after the election, it's difficult to tell whether there will be any substantial changes made when the new administration takes office.
"We're still likely to see divided government, we're still likely to see division of power, and we're still likely to see only incremental change because we're not going to have a mandate no matter who wins," Ryan said Thursday on "Squawk Box."