Consumer sentiment has been on a downtrend amid the rising inflation and the possibility of a recession looming over the economy. Moreover, according to the Labor Department, applications for jobless aid rose to 235,000 for the week ended July 2, 2022, the most since mid-January, adding to the woes.
Given such volatile circumstances, as evident from the CBOE Volatility Index’s 53.7% year-to-date gains, investors should be prepared for the volatile ride and trade cautiously.
