The Russia-Ukraine war has aggravated logistical disruptions worldwide. Furthermore, Citigroup expects the Fed to deliver half-point rate increases at its next four meetings. In addition, as oil and gas prices witness heavy fluctuations amid the resurgence of COVID-19 cases in many countries and Western sanctions on Russia, the market is predicted to remain volatile in the near term. However, chances of an economic rebound have not yet been ruled out.
According to CNBC’s Jim Cramer, investors should always watch for bounce, even when all seems hopeless. Therefore, beaten-down stocks with robust financials might offer solid returns to investors.
