Markets are significantly volatile ahead of the November jobs data release. However, despite widespread macro headwinds, the S&P 500 secured modest gains over the past month. Moreover, according to Deutsche Bank AG (DB) strategist Binky Chadha, the stock market rally isn't over yet.
In addition, Sam Stovall, chief investment strategist for CFRA Research, said, "Right now, the stock market is assuming we don't fall into a recession or, if we do have a recession, it will be mild and that the Fed will likely lower interest rates in the latter part of 2023."
