- May is expected to be another volatile month on Wall Street.
- Investor focus will be on the Federal Reserve’s policy meeting, the monthly jobs report, inflation data, more earnings, and the U.S. debt ceiling.
- Investors should brace for more violent swings and sharp moves in the month ahead.
Stocks on Wall Street are on pace to end April on a decidedly volatile note as investors grow increasingly worried over the impact of high interest rates, inflation, and a potential U.S. recession.
The blue-chip Average is on track to come out on top in April, with a roughly 1.7% gain heading into the final trading session of the month. The benchmark index is about 0.6% higher this month.
Meanwhile, the tech-heavy is set to be the biggest laggard in April, down 0.65% as of Thursday’s close.
As a wobbly April comes to an end, investors should prepare themselves for fresh turmoil in May. This month kicks off a historically weak period in which the stock market tends to underperform in the six months from May to October.
Since…