The stock market, this year, has witnessed massive selloffs due to geopolitical turmoil, sky-high inflation, and aggressive interest rate hikes. The situation is not likely to improve anytime soon, given a recession is anticipated to hit in 2023.
The stock market has been volatile lately as traders weighed the possibility of an economic slowdown and the likelihood of a longer-than-expected hiking cycle from the Fed. Even though the Fed indicated a slower rate hike, the job market’s resiliency could prompt the Fed to continue its rate hikes.
