The benchmark indices ended the last month in the red. On Friday, the Dow shed 939 points, the S&P 500 lost 3.63%, posting its worst performance since June 2020, while the tech-heavy Nasdaq composite took the hardest blow, falling 4.2% on the day.
The stock market is under heavy pressure due to the high inflation and the imminent interest rate hikes. The Fed is expected to increase interest rates by half a percentage point to tame the rising inflation. In this backdrop, momentum investing might be the way to generate some returns, as stocks that have gained momentum amid the market volatility might continue their momentum for some time.
