The stock market has been turbulent of late due to multi-decade high inflation, continued Russia-Ukraine war, extended lockdowns in China, and worries over the increasing odds of the economy slipping into a recession due to aggressive interest rate hikes. The CBOE Volatility Index (VIX) has gained 69.7% year-to-date, reflecting significant market volatility.
As these factors will likely persist in the near term, analysts expect the market to witness wild swings. While this is an opportune time for investors to scope up quality stocks at low prices, many analysts believe that the market hasn’t hit bottom yet.
