The stock market has endured significant pain since the beginning of the year due to various macroeconomic and geopolitical headwinds. Wall Street expects a recession later this year due to the Fed’s aggressive interest rate hikes, which could put further pressure on the stock market.
However, long-term investors should not be bothered about short-term market fluctuations. Rather than trying to navigate the short-term turbulence, they should buy the dip in stocks that have the potential to deliver solid returns based on their strong revenue and earnings growth.
