Market volatility is rife, as is evident from the CBOE Volatility Index’s 37% year-to-date gains. Amid high prices and consecutive rate hikes, Morgan Stanley’s Michael Wilson believes “the path forward is much more uncertain than a year ago.”
On the other hand, inflation data for October 2022 showing signs of cooling price pressures is bringing in optimism. Stuart Clark, portfolio manager at Quilter Investors, said, “Inflation in the U.S. has once again fallen, giving some momentum to the idea that the worst is now behind us. The rate is lower than expectations, and this will provide some relief to consumers.”
