A choppy first quarter of trading concludes on Tuesday, but most indications point to continued uncertainty in the second quarter and beyond, market watchers said on Monday.
"It seems to me as if investors are saying, 'I want to embrace more defensiveness and at the same time I'll take what I can get now. I'm not going to worry about what I can get later on,' " said Sam Stovall, managing director of U.S. equity strategy at S&P Capital IQ, in a CNBC "Closing Bell" interview.
The three major U.S. indices jumped more than 1 percent higher on Monday but sat barely positive near the end of an up-and-down quarter. As investors eye indications of when the Federal Reserve will start to normalize interest rates and digest potentially disappointing first-quarter corporate profits, markets will stay shaky in April and beyond, said Jeff Kilburg, founder and CEO of KKM Financial.