El-Erian: 2016 will be all about Volatility

olatility spiked to start 2016, and investors should expect market swings often this year, Allianz's chief economic adviser, Mohamed El-Erian , contended Monday. El-Erian believes traders will have to learn how to play sharp market moves, both upward and downward. He stressed that they will need a "stomach for volatility." "This year is going to be all about exploiting volatility on the way up and the way down," he said on CNBC's "Fast Money: Halftime Report."