U.S. stocks rallied Friday after a wild week of swings, but several traders cautioned against a v-shape recovery and warned volatility could continue.
The Dow Jones industrial average was on track to have its best day after a six-day losing streak since 2008. The Russell 2000, the primary index for small-cap stocks, had its best week in 14 years when compared with the S&P 500.
By midday, however, the Russell turned negative.
"I don't want to see the S&P up 1.5 percent and the Russell go negative. You also don't want to see commodities do a collapse. These are not positive signs," Ritholtz Wealth Management CEO Josh Brown said in an interview with CNBC's "Power Lunch."
"I think it is better to not attempt this v-shape recovery, rally right back up to the major moving average and then fail. That would be crushing to confidence."