The stock market has been highly volatile since the beginning of the year due to worries over decade-high inflation, the Fed’s hawkish tilt, growing sanctions on Russia, and deepening supply chain disruptions. All major U.S. indexes were pushed into correction territory in the first quarter of 2022.
Furthermore, recently surging U.S. Treasury yields amid anticipation of aggressive rate hikes to curb inflation, and a resurgence of COVID-19 cases in China are adding to investor concerns. But despite the volatile market, several fundamentally good stocks have been gaining momentum lately as investors bet on stocks with solid financials and growth prospects.
