The Fed’s aggressive monetary policy crushed the stock market last year. Moreover, given the still-high inflation, the Fed is expected to continue its rate hikes in 2023, which might keep the stock market under pressure.
However, investors in or near retirement might consider investing in quality dividend-paying stocks BHP Group Limited (BHP), Telekom Austria AG (TKAGY), Global Partners LP (GLP), and MV Oil Trust (MVO). These stocks pay reliable dividends and could help ensure a steady income stream regardless of the market condition.
