Wall Street saw a dramatic recovery after a turbulent week marked by concerns over rising recession risks and the unwinding of yen carry trades. The S&P 500 managed to rebound with its best two-day gain of the year, and the CBOE Volatility Index (VIX) settled down from panic levels earlier in the week. Despite this recovery, market experts advise caution as volatility could persist due to factors like ongoing economic data releases, US Federal Reserve policy uncertainty, and upcoming elections. Investors should brace for continued fluctuations while remaining cautiously optimistic.