Once the nation gets past its turbulent presidential election, things will start looking up for U.S. markets, regardless of who wins, investment strategist David Bailin said Monday.
"For the last two months, people have been putting real money to work expecting an acceleration of the economy globally over the course of the next six to 12 months," said Bailin, Citi Private Bank's global head of managed investments.
In an interview on CNBC's "Squawk Box," he said that the uncertainty factor, which has held so many investors back, will be resolved once the country decides on its next president.
"People are going to be putting more money into the market when the election's over in general due to the fact that there will be certainty, we will know what policy is," Bailin said.
He said a Hillary Clinton win would mean stability, which many investors see as a good entry point. It would also be a positive for emerging markets, as global policy changes will shift the mix of where people should be investing, he added.
If Donald Trump wins, expect a correction shortly after the election, he said. "A Trump victory, based on looking at volatility, will basically cause markets to go down appreciably at the beginning, kind of like Brexit on steroids," Bailin said.
Regarding a long-awaited interest rate hike by the Fed, expected in December, he said such an event would add to investor certainty and thus would boost financial stocks and the overall stock market.
In fact, this could be "the longest potential post-recession recovery in history ... which is why the Fed acting makes sense," Bailin said.