(CNBC) Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 billion in assets. “The last few days have been abnormal volatility,” Christopher Ailman, chief investment officer at CalSTRS, told CNBC during a special aired Thursday night. “The volatility we saw earlier in October and November, I went on and said that was expected. That’s typical when you have a bull market that’s so old and so late in the economic cycle. But the last few days are abnormal because the machines are really picking over more than human beings.”
The Volatility in Stocks Right Now is ‘Abnormal,’ Says Manager of $200 Billion CalSTRS
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