With investors trying to figure out how to position themselves for the outcome of the U.S. presidential election, two investment experts told CNBC politics shouldn't influence investment thinking.
Markets rallied Monday on the eve of the historic vote. Wall Street analysts are predicting an S&P 500 sell-off on a Donald Trump win and believe it will at least hold gains if Hillary Clinton is the victor.
However, the election is only one of several risk events that will play out before the end of the year, said Karin Kimbrough, head of macro and economic policy at Bank of America Merrill Lynch Global Wealth Management.
"We also have more on Brexit, more on the Fed decision, more on an Italian referendum and then all the way next year, we expect to see even more uncertainty in the political spectrum in Europe," she told CNBC's "Power Lunch" on Monday.
"Think about the long run. Don't focus so much in trying to position around these events. It's too unpredictable," she said.
Gabriela Santos, global market strategist for JPMorgan Funds, believes it's a mistake to get in or out of the market based on an election in the U.S. Historically, the market has done well in the medium-term regardless of who is in the White House or what is the makeup of Congress, she said.
What the market wants is the least amount of uncertainty possible, and that will likely be true whether it is Trump or Clinton in the Oval Office.
"Both are leading with an establishment, Republican-led House. So it's difficult actually for either candidate to get a lot of what they've been proposing through Congress, and as a result we're likely to end up with a government of moderation despite the extreme nature of the election process," Santos told "Power Lunch."