As inflation hit a new 40-year high last month, a likely 75 bps interest rate hike in July is raising concerns over the economy slipping into a recession over the next few months. Therefore, despite a healing job market, resilient consumer spending, and better-than-expected corporate profits, the market is expected to remain highly volatile.
Given this backdrop, low-priced stocks with sound fundamentals could be ideal picks to benefit from their solid upside in the long run.
