The stock market has been witnessing wild swings this year amid the months-long bout of historically high inflation and the Fed’s series of significant interest rate hikes to tamp it down. The CBOE Volatility Index has gained 57.8% year-to-date.
Moreover, according to the latest National Association for Business Economics survey, nearly two-thirds of corporate economists believe the U.S. is already in a recession or will be within the next 12 months.
