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"I just think there's an underlying nervousness that we're going to see further turbulence out of China," said David Lefkowitz, senior equity strategist at UBS Wealth Management Americas. Performance in U.S. stocks depends "on willingness to believe the expansion is intact and the U.S. is going to remain relatively unaffected."
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"I think everyone knows this isn't just about China. I think if it were, your focus would be much more specifically on China. ... It's the oil story. You don't want any important assets to be moving lower," said Quincy Krosby, market strategist at Prudential Financial.
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