UBS strategist predicts slight market volatility amid global uncertainties, citing nonfarm payrolls reports and jobless claims as key indicators.

UBS strategist Gerry Fowler calls recent market volatility a "huge overreaction" due to global economy uncertainties. Despite the spike, Fowler anticipates a slight increase in volatility and markets trading within a range rather than strong markets. Key indicators to watch include nonfarm payrolls reports and weekly initial jobless claims, which may signal if the economic slowdown escalates into a recession.