Market Volatility Surges as Major News Events Unfold

The market is at a tipping point as major news events hit, including the Federal Open Market Committee's expected interest rate hike, key earnings reports from AI-related companies like Microsoft and Meta, and the question of whether the recent improvement in market breadth will continue. The response to earnings and the Fed's signals will determine if a deeper pullback is in the cards, as bears anticipate a sell-the-news response. The AI theme remains a driving force in the market, and its sustainability will be tested.