Over the past month, the stock market has witnessed a massive sell-off on concerns over the potential aggressive monetary policy tightening to bring down the multi-decade high inflation. Minutes from the Federal Reserve’s May meeting reveal that the officials discussed the odds of raising interest rates, which could slow the economic growth.
According to Goldman strategist Vickie Chang, the stock market sell-off may not reach the bottom until the Federal Reserve indicates the end of interest rate hikes. Despite the risk-off environment, some growth companies should perform well. And the recent market meltdown provides an attractive opportunity to bet on their stocks at attractive prices.
