The Ukraine-Russia war, the Fed's plans for more aggressive interest rate hikes later this year to combat inflation, and deepening supply chain disruptions continue to dampen investors' sentiment. According to the New York Fed's survey in March, consumers could witness inflation hitting 6.6% over the next year.
However, April is historically the best month of the year for the S&P 500, making it an opportune time to invest in quality stocks. Also, the U.S. unemployment rate has fallen to 3.6% from 3.8%, with nonfarm payrolls increasing by 431,000.
