Whether it's time to buy the dip or prepare for more pain ahead is on investors' minds Wednesday as they deal with the most volatile period for stocks of 2024. The market was rebounding for a second day but investors remain on edge after Monday's brutal sell-off. The Dow Jones Industrial Average lost more than 1,000 points to start the week, with the S & P 500 posting its worst day since 2022. On Tuesday, the following day, the major averages rebounded sharply .
"The Fed will likely cut interest rates at least once later this year, which has historically benefited Small and Mid-cap companies," stated the note. — John Melloy 8:26 a.m. 'Worst might not be over,' UBS says There's more pain to come, according to UBS. Strategist Shahab Jalinoos said elevated signals in a number of indicators suggest the market selloff is not yet over, citing, for example, high levels in Wall Street's "fear gauge.