Concerns over rising energy prices, surging inflation, the Ukraine and Russia war, and rising COVID-19 cases in China have made the stock market extremely volatile. Also, the Fed's decision to hike the interest rates further in May by 50 basis points to attack multi-decade high inflation has also caused the benchmark indexes to tumble recently.
The S&P is down 5.2% so far in April and is very close to posting its worst monthly performance since March 2020, i.e., during the COVID-19-led collapse in equities.
