Market volatility is just a sign that investors are resetting their expectations — and it's nothing to be afraid of, The Carlyle Group's Glenn Youngkin told CNBC. "This volatility isn't the beginning of the end, it's just natural volatility as people reset expectations," the co-chief executive officer of the investment firm told CNBC Europe's "Squawk Box" on Tuesday. His comments came after sharp declines in U.S. stocks on Monday. The Dow Jones Industrial Average fell 602 points after a decline of 5 percent in Apple shares, a rise in the U.S. dollar — which could dampen overseas sales for multinationals — and worries about global trade disruptions.

Over the course of the last 12-18 months, most people have felt like the economy was going to grow to the sky and all of a sudden we have this very natural slowing of growth – not stalling – and the markets are appropriately resetting. Glenn Youngkin co-chief executive, The Carlyle Group

Trader Peter Tuchman works on the floor of the New York Stock Exchange, (NYSE) as the Dow Jones Industrial Average crosses 24,000, in New York, U.S., November 30, 2017. Brendan McDermid | Reuters