As inflation remains at discomforting levels, the swings in the stock market are expected to amplify further as we enter the second half of the year. Therefore, investors could consider adding some exposure to stocks such as Biogen Inc. (BIIB), Celestica Inc. (CLS), and Biglari Holdings Inc. (BH), which have gained significant momentum lately.
Although the Federal Reserve signaled a potential end to its hiking cycle, the stronger-than-expected economic data in recent weeks have induced a fresh bout of volatility in the markets. Investors now await another quarter-percentage-point interest rate hike at the June meeting, bringing the federal funds rate to 5.25% - 5.5%.
