The global markets have been grappling with severe strains provoked by various macroeconomic and geopolitical issues. Considering the presence of volatilities for some time, quality large-cap ETFs FT Cboe Vest Fund of Deep Buffer ETFs (BUFD), Schwab U.S. Large-Cap ETF (SCHX) and Global X NASDAQ 100 Covered Call ETF (QYLD) could be solid buys now.
The Federal Reserve’s aggressive interest rate hikes to levels not seen in the last 22 years to tame the stubbornly high inflation have been significantly successful, but inflation still remains higher than the desired target of 2%. This has placed the Fed in a challenging situation. To control inflation, it is critical to maintain high rates – a task that must be handled carefully to avoid plunging the economy into recession. Despite a year of consistent decrease in inflation, recent months have not shown definitive progress.
