The macroeconomic headwinds have induced significant volatility in the stock market this year, as is evident from the CBOE Volatility Index’s 31% year-to-date gains. JPMorgan Chief, Jamie Dimon, said, “The potential outcome (for the U.S. economy) is kind of unknown.” However, he added, “If we are lucky, we will have a soft landing or a mild recession, and I do think that’s possible.”
Moreover, Federal Reserve Governor Christopher Waller believes reducing rate hike aggression is a reasonable possibility for the upcoming federal meet, which could bode well for the market. In addition, CNBC’s Jim Cramer believes that the S&P 500 will rally in December.
