Last week, the U.S. markets took a massive hit as the labor market cooled and tech stocks faced a sell-off, sending the Nasdaq ($NASX), S&P 500 Index ($SPX), and Dow Jones Industrials Average ($DOWI) reeling. With the 2024 presidential election looming, market volatility is on the rise, and the anticipated September rate cut adds to the swirling uncertainty - as evidenced by today’s whipsaw price action following the release of August CPI data.
That means now could be the time to focus on overlooked value stocks that offer both resilience against economic shocks and steady dividend income. These stocks are less vulnerable to broad-market volatility than their hypergrowth counterparts, and also offer the prospect of longer-term capital appreciation.
