Pro: Markets Should Take A Step Back

According to Wieting, stock markets are very quick and efficient in pricing in "announcement effects" — that is, new QE programs or political shocks. As such, investors shouldn't expect the post-election surge seen over the past week to continue indefinitely.

"We just need to take a little step back," he said. "This is not the same thing as just taking the Obama administration and adding tax cuts and deregulation. There is a great deal of additional predictability issues for us and uncertainty for us."

Wieting continued that while he could be optimistic over how the stock market will react to the Trump administration there is also many unknowns which would justify taking a step back and taking a more cautious stance.

Financial And Technology Stocks

Wieting argued that the financial sector was cheap heading into the U.S. election and naturally was a big winner following the election results. Looking forward, the sector will see certain benefits under a potential interest rate hike and help fuel further gains in stocks.

The analyst moved on to the technology sector and noted that several stocks sold off on unjustified concerns that international trade will come to a halt.

Since Election Day, the Financial Select Sector SPDR Fund XLF is up roughly 14 percent. However, over the last three months, the ETF is down roughly 8 percent.

The Technology SPDR (ETF) XLK is up roughly 2.5 percent since the election, but just up about 1 percent over the last three months.