(Bloomberg) — The historic rebound in American stocks proved short-lived, with major averages slumping again as investors remained on edge over the Federal Reserve’s inflation-fighting stance and Russia’s saber-rattling against Ukraine Just a day after an almost incredible recovery for the S&P 500 from a 4% rout, the U.S. equity benchmark resumed its losses. While the gauge traded off its worst point of the day, it still headed toward the lowest level since October. The Nasdaq 100 tumbled about 3%. Amid violent equity swings, the Cboe Volatility Index extended its surge into a sixth consecutive day, and was poised for a one-year high. The dollar and Treasuries rose. The risk of a “growth shock” to equities is increasing, according to Goldman Sachs Group Inc. strategists. Ahead of Wednesday’s Fed decision that’s expected to point toward a rate hike in March, they warned that sharp monetary tightening to tame inflation could eventually have knock-on effects on economic activity, hurting stocks. The International Monetary Fund cut its world growth forecast for 2022, citing weaker prospects for the U.S. and China along with persistent inflation. NN: This is a market that is not trading its driven by the fast money algo guys. Its a trillion dollar computer game. Their is no reason to try and trade this. Stand aside wait to see the outcome of the FED and Putin. This is one market we do not want to be in. In a week or so we will know more.. By that time they will be out of bullettes.