The stock market has been on a wild ride this year due to the aggressive interest rate hikes to control the high inflation, geopolitical issues, and an economic contraction for two consecutive quarters. Despite the market’s rebound since July, analysts expect it to tumble further as inflation remains high enough for the Fed to maintain its hawkish stance.
Melissa Bouchillon, certified financial planner, and managing partner at Sound View Wealth Advisors, said, “As we look to the second half of the year, I would expect more volatility. We could see a little run-up like we did, but the trend and the trajectory is downward. I don’t think the worst is behind us.”
