The Federal Reserve’s aggressive interest rate hikes have raised fears that the economy could witness a double-dip recession this year. This, along with concerns over the continuing Russia-Ukraine war and extended COVID-19 lockdown in China, is expected to keep market sentiment bearish in the near term.
Therefore, investors seeking to bottom-fish amid the ongoing market correction could focus on low-priced and undervalued stocks from companies that possess solid fundamentals. That is because value stocks usually perform well in inflationary periods.
