Macroeconomic volatilities have dashed investor sentiments, and the likelihood of a continued bear market stands high. Therefore, we take a look at some of the “safe-haven” stocks Walmart Inc. (WMT), AbbVie Inc. (ABBV), and CVS Health Corporation (CVS), which could help survive a market downturn.
A blowout jobs report pushed the unemployment rate to a 53-year low, and despite high inflation, consumers fueled the economy with robust spending, have created significant pressure on the market. Adding to the anxiety are the Fed’s hawkish comments that signaled rate hikes are crucial to tame inflation and are not likely to stop anytime soon.
