U.S. stock markets have been enduring severe volatility over the past month. Wall Street’s recent turmoil is broad-based. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — are in the negative territory year to date. The S&P 500 and the Nasdaq Composite are in fact, in a correction zone. Moreover, the mid-cap-centric S&P 400 is in the red and the small-cap benchmark Russell 2000 is in the bear territory, year to date.

Market participants remained concerned about the Trump administration’s tariff and trade-related policies and their impact on U.S. economic growth, especially on the inflation rate. Recently released several key economic data have clearly shown that the U.S. economy is…