Now that Donald Trump has been elected the 45th president of the United States, markets will swing heavily in response, said strategist Mark Grant on Wednesday.
"I think this is Brexit, American-style. We're going to see a downdraft in equities, then I think we'll see some stability and then I think we're going to have a surge back up," he told CNBC's "Squawk Box."
Grant, chief fixed income strategist at Hilltop Securities, said that with major European institutions selling aggressively, market opportunities will soon emerge for investors looking to profit from Trump's victory.
"I think this is going to be a big opportunity as soon as things stabilize — don't do it today," the strategist warned.
The biggest opportunities, Grant said, will be in the energy and infrastructure sectors, where industries like oil, natural gas and construction will likely benefit from a Trump administration.
Trump won the American presidency in a shocking upset, declaring victory over his Democratic opponent, Hillary Clinton. His victory sent markets spinning, with Dow futures down more than 300 points, after earlier falling 800 points.
As for the Federal Reserve, Grant contended December's expected rate hike is likely off the table for the time being.
"In December, unless the Fed is out of their minds, they're not going to do anything, so I think we're going to see some stability in the bond markets and then go back to somewhat ... lower yields as we stabilize," the strategist said.