Tuesday's market rebound doesn't mean the market is yet in the clear — instead, investors should brace for more market volatility following Monday's global sell-off, according to Goldman Sachs chief global equity strategist Peter Oppenheimer.
The S & P 500 rose 1.04% on Tuesday in a broad relief rally that lifted all 11 of its sectors.
Nonetheless, the correction hasn't yet fully run its course, Oppenheimer told CNBC's " Squawk on the Street " on Tuesday.
However, Oppenheimer doesn't necessarily think the correction is bad for the market.
According to Strategas strategist Todd Sohn, Monday's spike in the volatility index could be a positive omen for equities in the medium term.
Persons:
Goldman Sachs, Peter Oppenheimer, Oppenheimer, CNBC's, We're, He's, Todd Sohn, Sohn
Organizations:
Nasdaq, Dow