FreeFOMC UpdatesWed August 7, 2024Herky Jerky Markets Mean the Fed Put is BackRecent market volatility spiked due to a soft labor report and geopolitical risks, with the VIX experiencing one of its largest spikes ever. The rapid recovery suggests that immediate panic may be over, and the Fed’s flexibility to cut rates could stabilize the market further. However, tensions in the Middle East could reignite volatility. Investors should stay cautious and use strategies to manage risk while capitalizing on more stable volatility levels.