Geopolitical issues and rising inflation are causing relentless sell-offs on Wall Street. On Wednesday, the Dow Jones Industrial Average dropped 1.02%, while the S&P 500 fell 1.65%, and the Nasdaq Composite declined 3.18%. The April inflation data showed that consumer prices increased 8.3%, still close to the 40-year high of 8.5%.
The stock market has experienced a bruising year so far, as investors remained anxious about the sky-high inflation, a slowdown in economic growth, geopolitical pressures, and the COVID situation in China. However, strategists are of the opinion that there might be opportunities in the market for investors to gain. Monica Defend, head of the Amundi Institute, stated that there could be an opportunity in value stocks that might benefit from the rate environment.
