Fears of an economic downturn amid the recent regional bank collapses and macroeconomic headwinds paint a gloomy picture for the stock market. Amid such uncertainties, stocks such as Norwegian Cruise Line Holdings Ltd. (NCLH), First Majestic Silver Corp. (AG), and Nano Dimension Ltd. (NNDM) might be best avoided for reasons mentioned throughout the article.
The Fed’s incessant rate hikes, sticky inflation, and geopolitical uncertainties dashed investor hopes last year. However, rekindled investor hopes on the backs of an improved economic scenario were evident from the stock market rally. But gradually, this lost steam due to rekindled macroeconomic headwinds.
