The market is likely to see spikes in the VIX, or so-called fear index, as the global economy adjusts to a new administration. That's why investors need to look for ways to protect against the math of a big loss, says Tom Florence, CEO of 361 Capital. The VIX jumped over the 20 level just prior to the election before settling back below 14. Florence said the "new normal" may favor active managers who can add alpha in the midst of changing markets. He added that event driven funds could also perform well due to a surge in M&A activity in the near term. "Regulatory changes, including the Department of Labor (DOL) fiduciary rule and other Obama measures, will likely fall by the wayside with a Trump Presidency," said Florence. "For investors that means a potential upside with the reduced regulation."