The stock market is decisively in bear market territory and is now flirting with new, 2022 lows. Clearly, there remains a considerable amount of risk especially in the near-term due to the combination of a hawkish Fed and a resilient but weakening economy.
Amid these challenging circumstances, investors should prioritize high-quality stocks with strong financials and a durable and growing earnings stream. There are countless ways for investors to identify these stocks, but maybe the most simple is to target companies that are buying back large amounts of stock.
