After a terrible first half of the year, the benchmark indexes have staged a recovery over the past month. The Dow Jones Industrial Average (DJIA) has been up 5.8% over the past month, while the S&P 500 (SPX) and the Nasdaq Composite (COMP) gained 7.9% and 10.9%, respectively.
During the year’s first half, the sell-off frenzy resulted from investors’ concerns over several macroeconomic and geopolitical headwinds. Notably, the Fed’s aggressive interest rate hikes, multi-decade high inflation, supply chain disruptions, and the war between Ukraine and Russia worried investors.
