Since the beginning of the year, the stock market has witnessed significant volatility on concerns over the prospect of multiple interest rate hikes this year and on geopolitical tensions. Russia’s invasion of Ukraine is the biggest such action in Europe since World War II. The event might have significant implications for the global stock markets in the next few weeks. However, the U.S. economy is expected to continue recovering this year, lending significant support to the stock market.
Given the selloffs witnessed by the stock market lately, many quality stocks are currently trading at bargains. These companies’ robust financials could help them rebound quickly.
