The stock market is experiencing a sell-off on the likelihood that the Fed will hike interest rates aggressively this year and on rising geopolitical tensions. Because January inflation data has surpassed estimates, investors expect the Fed to be more aggressive with interest rate hikes this year. Rising tensions between the U.S. and Russia over Ukraine are adding to the concerns. However, a steady economic recovery is still considered significant support. The current market volatility is being treated as a temporary condition, and investors that hold on for a tad longer could secure solid returns.
The cloud computing industry is projected to achieve solid growth in the long term, with extended remote lifestyles driving demand. According to Report Linker, the global cloud computing market size is expected to grow at a 16.3% CAGR through 2026.
