Trader Stephen Guilfoyle, founder and president of Sarge986, disagrees.
"We have the most business-friendly president probably of all time. He's appointing probably the most business-friendly Cabinet of all time. He has a compliant legislature and possibly a hawkish Fed," he told "Closing Bell."
Guilfoyle believes that will result in less regulation and lower taxes, as well as the probability of some growth.
In this environment he likes financials, at least for the first half of the year. The sector has rallied since Trump's victory, along with the rest of the market.
Now, however, stocks are moving sideways, Guilfoyle pointed out.
U.S. equities closed mixed on Monday, with the Nasdaq hitting a new all-time high and the Dow Jones industrial average and S&P 500 ending down.
Steven Quirk, executive vice president of TD Ameritrade's Trader Group, told "Closing Bell" his clients are "dialing down" their exposure to names and sectors that have rallied since the election, including financials.
"There's a little bit of trepidation in advance … of all these policies being enacted," he said.
However, he believes a pullback would be an opportunity to buy.