The S&P 500 has staged a rally from recent lows, which reached 5,088.90 points.

However, market uncertainty persists as investors grapple with economic headwinds and the looming Fed meeting in September.

Recession fears, the unwinding of the Japanese Carry Trade, and the ongoing tech sell-off continue to shape market sentiment.

With a Presidential election on the horizon, volatility is expected to increase. Analysts caution that the recent rebound may be short-lived, with the potential for retesting recent lows or even deeper declines.

The Fed’s interest rate decision and forthcoming economic data will be pivotal in determining the market’s trajectory. I would suggest a cautious approach.

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