The Fed’s consecutive rate hikes have caused immense volatility in the market. Moreover, traders are betting on a more than 95% chance of another 75-bps rate hike in November.
However, the stock market is gaining as investors weigh several key earnings reports. This corporate earnings season could offer some relief for markets battered by macroeconomic concerns. Of the 64 S&P 500 companies that have reported third-quarter earnings, more than 70% have reported a positive surprise, according to FactSet data.
