Investors may want to hold on tight.
National Securities’ Art Hogan warns the volatility burst will affect the market for weeks.
He cites a laundry list of risks including the uptick of coronavirus cases paired with overbought conditions.
“The fear of the unknown catches more volatility than anything,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Friday. “Volatility is going to tick up a bit into summertime.”
Thursday’s downdraft contributed to the market’s biggest weekly loss since March. The Dow, S&P 500 and tech-heavy Nasdaq closed solidly higher on Friday, but it didn’t come close to making up the losses.
But Hogan, who has spent almost four decades on Wall Street,…