Brace for wild swings in US stocks amid elevated interest-rate uncertainty, wealth manager says

• US stocks just had their best week in a year, but don't expect the upbeat trend to last.
• The market could face wild swings into year-end due to uncertainty over interest rates, said CIBC Private Wealth's David Donabedian.
• "While last week was a good one for the equity market, it will not always be that easy," he said.

The US stocks just had their best week in a year. But don't take that to mean a smooth ride ahead, according to one expert.

Persistent uncertainty about the future direction of interest rates will fuel increased volatility in equities in the coming months, according to David Donabedian, chief investment officer of CIBC Private Wealth US, which oversees more than $100 billion in assets.