The Fed’s aggressive monetary policy tightening to tame the surging inflation has been raising concerns over the economy slipping into a recession, leading to the stock market witnessing a massive correction. The major benchmark indexes hit their 52-week lows yesterday, lowering the valuations of almost all stocks.
Although the macroeconomic and geopolitical issues are expected to persist for longer than expected, many companies' business nature could help them survive the downturn. While small-cap stocks usually do not perform well amid such uncertainties, some outperforming stocks could now be wise investments at their discounted valuations.
