Rising government bond yields in response to surging inflation, a significant decline in crude oil due to worries around COVID-19 lockdowns in China, and the ongoing Russia-Ukraine war, have fueled the latest stock market retreat. The United States 10-year yield improved nearly 2.8% intraday. The Dow Jones Industrial Average has slumped 1.8% over the past five days, while the S&P 500 index has declined 3.7% over the last five days.
But despite the heightened market volatility, certain stocks with strong financials and solid growth prospects have the potential to withstand the current economic and geopolitical headwinds. So, it could be profitable to invest in fundamentally strong growth stocks, which are expected to offer good returns relative to the broader market in the coming months.
