• Investors should brace for 'unsettling volatility' and the S&P 500 is headed back to June lows as dysfunction is growing across markets, Mohamed El-Erian says

    2 days ago - By Business Insider

    Mohamed El-Erian. REUTERS/Daniel Munoz
    Markets need to brace for "unsettling volatility," Mohamed El-Erian told CNBC on Friday.
    The top economist predicted the S&P 500 could retest June lows due to signs of dysfunction in US Treasuries and money markets.
    He warned investors not to ignore the gloomy macro backdrop, despite some attractive stock names.
    Investors need to brace themselves for "unsettling volatility," and the S&P 500 could head back to June lows, top economist Mohamed El-Erian said, warning of upcoming turbulence to stocks. "I think there's value under some very attractive...
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