The stock market continues to be volatile, primarily on investors' concerns over record-high inflation, the Fed’s indication of multiple interest-rate hikes this year, and supply chain bottlenecks. Furthermore, the United Nations has warned that the global economic recovery is losing steam and is facing significant headwinds amid the COVID-19 pandemic. In addition, the decline in private payrolls in January and poor labor market data are further fueling stock market volatility. The International Monetary Fund (IMF) downgraded its 2022 global growth forecast to 4.4%.
However, we believe growth stocks could be ideal bets now for investors looking to maximize their returns over the long run. Investors' interest in growth stocks is evident in the SPDR Portfolio S&P 500 Growth ETF's (SPYG) 14.4% gains over the past year.
