A finance expert doubts recent market volatility is the start of something more sinister.

The NZX rose 1.4 percent on Friday, after its biggest single-day drop in years falling 3.64 percent on Thursday.

Craigs Investment Partners head of private wealth research Mark Lister told Mike Hosking there's no shortage of things to worry about.

"Whether it's the rising interest rates, or the trade tensions with China, or the high valuations, and all of this geopolitical stuff."

But Lister says he doesn't think the world is going to burst but says the scene is set for a correction that's probably over due.

LISTEN TO MARK LISTER TALK WITH MIKE HOSKING ABOVE