The stock market has witnessed immense volatility over the past few months due to surging inflations and the Fed’s persistent efforts to combat it by raising the interest rates aggressively. The stock market ended a choppy trading session yesterday, with major indexes declining steeply.
The S&P 500 fell by 20.6% year-to-date, while the Dow and the Nasdaq dropped 15.3% and 29.5%, respectively. On Thursday, the CBOE volatility index climbed to 29.4, almost near its psychologically critical 30 reading.
