The stock market has been under immense pressure lately due to multi-decade high inflation, the Fed’s hawkish stance, and other macroeconomic headwinds. Moreover, the anticipated aggressive rate hikes are raising recessionary concerns. The S&P 500 index has plunged 18.2% year-to-date, while the NASDAQ Composite and Dow Jones have declined 25.6% and 13.8%, respectively.
However, the ongoing bear market is creating opportunities for long-term investors as several well-known stocks are trading at discounted prices. So, investing in these stocks will ensure impressive, market-beating returns in the long run.
