J. Gundlah: The spirit of volatility may not have come back to the bottle

Jeffrey Gundlach, the founder and CEO of DoubleLine Capital, has bad news for investors - the volatility index does not give clear signals to investors.
Markets are at an important crossroads, according to Gundlach.
The fall in the index was below the highest closing level since last year - at 16.04 on 10 August.
This year, of course, the story was far different, as the index rose momentarily during the day to levels of over 50 during the February crash.
The S&P 500 index has returned over its 50-day moving average, and technology stocks have returned to record levels. Still, it remains to be seen whether US stocks will have the strength to keep up.
It is very likely that the S&P 500 blue chip will try to get back above the psychological limit of 2,800 points, considering its closing on Friday.