The jump in volatility and retreat in stock prices are temporary because the global economy remains healthy, according to Andrew Wilkinson, the Greenwich, Connecticut-based chief market analyst at Interactive Brokers LLC.
“People do not expect this to last across time and I would expect volatility to subside in the weeks ahead,” Wilkinson said in a phone interview. “There’s a belief Argentina is in a basket of its own and I wonder how sustained the move down in stocks is going to be.”
DOW futures now -23 ASX futures now -40, "A Rise" from -70
