Investors’ concerns over the Fed's hawkish interest rate hikes are expected to keep the stock market under immense pressure going forward. Earlier this week, the Fed Bank of St. Louis President James Bullard said he would lean toward a 75-basis-point increase in interest rates in September. Anything more would surely send the market reeling.
As it is difficult to predict if the market can return to its recovery rally, it could be wise to invest in established companies that have the potential to generate solid long-term returns. Even better if the stocks are currently trading at affordable prices.
