The equity market’s volatility has surged in recent weeks amid concerns over an economic slowdown due to tighter monetary policy from the Federal Reserve to control rising inflationary pressure. Beyond this, escalating geopolitical tensions and the current COVID-19 resurgence in China are compounding investors' worries. Yesterday, the Commerce Department reported that the U.S. GDP declined 1.4% in the first quarter, missing analysts’ expectation of a 1% gain.
Since the market’s volatility is not expected to ease anytime soon, the adage 'Sell in May and Go Away' could become real in the coming month. But we think investors could consider betting on stocks that have the potential to generate substantial returns.
