Given the high inflation rates, more aggressive federal rate hikes are expected in the coming quarters. According to Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co., the Fed has a tough job controlling inflation without precipitating a recession.
The benchmark indexes reversed their prior week's gains in June’s first trading session on volatility and inflationary concerns. However, the extended market sell-off has allowed several fundamentally sound stocks to trade at discounted valuations. Cheap and significantly undervalued stocks with robust financials seem well-positioned to weather the short-term fluctuations and rally in the near term. Rising investor interest in value stocks is evident in the Vanguard Value ETF’s (VTV) marginal gains over the past month.
