The possibility of aggressive interest rate hikes later this year to combat high inflation, deepening supply chain constraints, and further Western sanctions on Russia have led the stock market to another selloff. All three major benchmark stock indexes declined over the past five days.
However, an improving job market indicates a steady economic recovery this year. Therefore, investors seeking to hedge their portfolios against short-term market fluctuations could invest in mega-cap stocks because they typically deliver steady returns irrespective of the market conditions.
