"Staying as calm as possible will benefit clients more in the long run than trying to stock pick on the back of these events and time the market."
Ross Jefferies said although he didn't see the result coming, it did mean investors could enjoy some breathing space.
'I didn’t see this election going as one-sided as it did, but although the majority adds some short-term clarity, we won’t be changing our asset allocation based on the result because there will always be new uncertainties,' he said.
'In just the last few years we’ve had several general elections, Brexit and Trump – all of which have massively influenced markets. But it’s about the long game more than worrying about how to react to these events. Staying as calm as possible will benefit clients more in the long run than trying to stock pick on the back of these events and time the market.'