If you're looking for a safe place to put your money, then you might want to stay away from the U.S., one market watcher told CNBC recently.
Mark Eibel of Russell Investments told CNBC's "Futures Now" that muted earnings growth, uncertainty over the Federal Reserve's monetary policy and a chaotic political landscape will continue to drive volatility in U.S. equities throughout the end of the year.
"The U.S. just bounces around and really if you go back to 2015 it's been a lot of churn to get to almost the same spot," Eibel said. "We think there would be continued volatility and the potential for upside exists outside of the U.S., particularly in Europe," he added.
The analyst's warning comes as Wall Street is growing more pessimistic about growth prospects and the outlook for earnings. Economists have steadily whittled down their estimates for the first quarter of 2016, which is barely expected to register any growth at all.