Multi-decade-high inflation, geopolitical issues, and the possibility of the economy witnessing a recession have caused immense turbulence in the stock market over the past few weeks.
According to Quincy Krosby, chief equity strategist for LPL Financial, "Given the history of bear markets, coupled with the fact that the Fed has just begun its rate hike cycle and would like to see financial conditions continue to tighten so that demand pulls back further, this rally will most likely weaken." Amid the current market uncertainties, it could be wise to invest in stocks that are resilient to market fluctuations, exhibit solid growth prospects, and tend to outperform during economic downturns.
