Hammered and bruised by high inflation and interest rates last year, the stock market made a strong comeback this year with significant gains. However, with stalling disinflation and fears surrounding progressive interest rate hikes, the market recovery is on shaky grounds. Therefore, let’s take a look at some of the smart stocks, General Motors Company (GM) and Limbach Holdings, Inc. (LMB), to consider this month which could help mitigate the storm.
This year just as the stock market started to make a comeback from its painful losses of 2022, inflation reared its head again. Recent data released by the U.S. Department of Commerce showed that the Fed's preferred consumer prices gauge rose by 5.4% annually and 0.6% sequentially in January, edging higher from December's figures.
