Wall Street is awaiting further rate hikes amid record-high inflation. This has been leading to fears of an impending recession. However, Marko Kolanovic, JPMorgan Chase & Co.’s co-head of global research, has projected an eventual uptrend for markets, with a possibility of inflation evasion. He said, “We can climb out of this hole; there will be no recession this year, some summer increase in consumer activity on the back of reopening.”
However, the market volatility has caused increased interest in high dividend stocks, as evident from the iShares Core High Dividend ETF’s (HDV) 7.7% returns over the past six months. Therefore, investors looking to dodge the short-term market fluctuations and settle for the long run could bet on high-yielding dividend stocks.
