With the first-quarter GDP growth being revised lower to 1.6% and the June Consumer Price Index (CPI) expected to hit a new 40-year high, analysts and economists are cutting their GDP forecasts for the second quarter and believe the nation has officially entered a recession. Therefore, the stock market is expected to remain under significant pressure in the near term.
However, resilient consumer spending and a steady unemployment rate have kept investors’ hopes alive. Amid the uncertainties, one could keep track of stocks trading at high volumes.
