The stock market has been witnessing significant volatility amid record high inflation, the Fed’s rate hikes, and geopolitical issues. This is evident from the CBOE Volatility Index’s 46.9% year-to-date gains. Moreover, the Fed might launch either 50 or another 75 basis points rate hike this month.
Quincy Krosby, the chief global strategist at LPL Financial, said, “Federal Reserve speakers are stressing that the central bank will not pivot away from tightening anytime soon.”
