Inpouring macro data last month had raised concerns of an impending Fed-induced recession. The investors’ sentiment was further dashed by the Fed’s recent hawkish statements. As the volatilities will not likely subside anytime soon, let us explore some very cheap stocks, Accel Entertainment, Inc. (ACEL), trivago N.V. (TRVG), and Epsilon Energy Ltd. (EPSN), trading at a discounted valuation.
Fed Chair Jerome Powell testified before the House Financial Services Committee on Wednesday amid lingering inflation and recessionary fears. The existing anxieties among investors soared on the backs of Powell’s hawkish statements and strong labor-market data.
