This year, the stock market has experienced immense volatility due to macroeconomic and geopolitical headwinds. Despite a solid recovery since July, the S&P 500 is still down 11.3% year-to-date.
The U.S. economy contracted for two consecutive quarters, making many analysts believe that a recession has arrived. While slightly lower July inflation data and better-than-expected corporate earnings made investors optimistic, the market is expected to remain volatile, with inflation remaining at uncomfortably high levels for policymakers.
