The stock market has taken a beating this year amid sky-high inflation and the Fed’s series of rate hikes. The CBOE Volatility Index has gained 59.2% year-to-date. However, there are signs that the bulls will overtake the bears in the new year.
Additionally, Morgan Stanley’s Mike Wilson opines that the bear market in U.S. equities may conclude sooner than investors think. On the other hand, according to the Bureau of Economic Analysis, the U.S. economy’s third-quarter GDP increased at a 2.6% annualized pace, surpassing consensus estimates and easing recession fears.
