U.S. stocks failed to sustain last week’s momentum. The S&P 500 dropped 0.3%, while the Dow Jones Industrial Average and the Nasdaq Composite retreated 0.2% and 0.7%, respectively, in the last trading session, as investors struggled to determine whether the stocks have hit bottom or are just briefly rebounding from oversold conditions.
Moreover, the stock market seems to be prepping for its worst first half in more than 50 years. And the volatility is expected to remain. "We don't expect the choppiness and volatility we've seen over the first half of the year to subside," said Timothy Braude, global head of OCIO at Goldman Sachs Asset Management.
