Market is shredding all the time-tested ways to chart its course

A chunk of the S&P 500’s loss was rolled back over the holiday-shortened week, with the index surging more than 6% as a report showed inflation expectations eased. Stocks are still stuck in a bear market after falling as much as 24% since January, weighed down by concern interest-rate hikes by the Federal Reserve will thrust the economy into a recession.

Market is shredding all the time-tested ways to chart its course
A chunk of the S&P 500’s loss was rolled back over the holiday-shortened week, with the index surging more than 6% as a report showed inflation expectations eased. Stocks are still stuck in a bear market after falling as much as 24% since January, weighed down by concern interest-rate hikes by the Federal Reserve will thrust the economy into a recession.