Get ready for more volatility.
At a global outlook briefing Thursday, Barclays said investors should expect to find buy opportunities from more sharp pullbacks in stocks similar to the one in August.
"China is transitioning to a services (oriented economy). Even if this transition succeeds, slowdown in the old (manufacturing) economy, … through which China is deeply connected to the rest of the world, will continue to cause volatility," said Ajay Rajadhyaksha, head of macro research at Barclays. "So what happened in August '15, … risk-off, is something I think we'll see more often in the next couple of years."
We'll "certainly see volatility pick up over the next few quarters as opposed to the last few years," he said.