This is, in my opinion, caused by panic. Investors and traders are likely to pull their money out of the markets next trading week and as a result, this brings clear direction on what I want to invest in. A couple of thing actually. First and foremost, the VIX, the volatility index, a.k.a the panic index has a tendency to rise quickly in turbulent markets.
Let's take a look what the index is trading at right now;