The market rotation that followed Donald Trump's win on Nov. 8 was unprecedented in its breadth and importance for investors, strategist Steven Wieting told CNBC on Tuesday.
"What we've seen — a rotation between financials [and] industrials versus utilities and staples — has been about the biggest, most significant rotation we've ever seen," Citi Private Bank's global chief investment strategist said on "Squawk Box."
Wieting said the rotation was in response to Trump's pro-growth plans, the effects of which will be seen around the world as the dollar strengthens, interest rates presumably rise and prospective borrowing for tax cuts and spending programs begins.
The strategist called it "an adjustment around world where savings is going to have to flow."
He said fellow strategists and investors will simply "have to react to what he does," especially considering the fact that any legislation on tax cuts or spending will not pass before mid-2017.
Also on "Squawk Box," QMA Managing Director Ed Keon said that after considering Trump's pro-growth agenda on election night, he "ended up buying stocks and selling bonds" the next day.
Keon was especially positive about the president-elect's infrastructure plan. "It'll be both something on the spending side, probably some public-private partnerships, along with the tax cuts, that will be … at least for the next couple years, very pro-growth," he said.
As the multidecade bond rally slows, interest rates will start to trend higher, according to Keon. But some economic obstacles will stand in the way of rates rising as much as some investors would like, the analyst said.
"If we can get the labor force to recover, if we can get better productivity growth than where we are now, then there's more room for rates to rise," he said.