The stock market has faced intense selling pressure of late on investor angst over the Fed’s aggressive monetary policy tightening to tame surging inflation, which might push the economy into recession. The overall market sentiment has been bearish since the beginning of the year due to the multi-decade high inflation, the war between Ukraine and Russia, and high energy and commodity prices.
Many high-quality stocks have borne the brunt of the recent sell-off and are now trading at deep discounts. Quilter Cheviot investment manager Poppy Fox said, “There can be some sound logic in buying shares of companies after their price takes a tumble, particularly if you continue to believe in the investment case.”
