Regional bank failures and other macroeconomic headwinds have exacerbated concerns about an economic slump. The resultant volatilities are anticipated to linger for a while. Given this backdrop, let us look at some stocks Li-Cycle Holdings Corp. (LICY), Greenidge Generation Holdings Inc. (GREE), and Singularity Future Technology Ltd. (SGLY), and find out why it might be best to avoid them in April.
The inflation cooled down in March 2023 to 5% year-over-year, had spurred investor optimism to some extent. However, the hopes were quashed after the Fed’s meeting minutes were released, which signaled the economy tipping into a recession later in the year.
