The Dow is coming off its best August since "Ghostbusters" dominated the Billboard's top 100 list 36 years ago.Ally Invest's Lindsey Bell predicts volatility will make a big comeback due to seasonal trends combined with rising uncertainty.
"In September, you usually see the chance of a positive return on the month very low — below 50%," the firm's chief investment strategist told CNBC's "She ranks uncertainty as September's biggest overall market risk. Bell cites the stalemate over a second virus relief package on Capitol Hill, upcoming fiscal budget debates, the presidential election countdown and corporate conference season as headwinds.
"With the increase of uncertainty, you're going to see an increase in volatility," said Bell. "We've seen it today. The VIX index is creeping back up."or CBOE Volatility Index, is considered the market's fear gauge and reflects future volatility over a monthly time span. Over the past two months, the index is down more than 13%. But it's up 18% over the last five sessions.
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