Bargain hunters are snapping up stocks today in bear market 'one-day wonder'

“So while we have this rally today, I am looking at the volatility index that is down just slightly, it is not really buying this. There is still quite a bit of nervousness around the markets.”Article content

Markets have priced in further rate hikes in July and September amid growing doubts if the U.S. central bank can engineer a soft landing for the economy and avoid a recession. All eyes are now on Fed Chair Jerome Powell’s testimony to the Senate Banking Committee on Wednesday for clues on future interest rate hikes.

pump and dump

One day does not make a trend

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