With elevated interest rates and an increasing likelihood of a recession, the stock market is expected to remain volatile in the near term. So, fundamentally strong stocks PulteGroup, Inc. (PHM) and YPF Sociedad Anónima (YPF), which have gained solid momentum, could be great portfolio additions now.
The Federal Reserve raised its benchmark rate to a range of 5% to 5.25%, the highest level since 2007, in an effort to combat inflation. The latest increase was the 10th straight interest-rate hike since last March. This is the most aggressive rate-hiking regime since the 1980s.
