1 Stock-Split Company That Should Lead the Market Recovery
The widely followed S&P 500 index recently joined its technology-focused counterpart, the Nasdaq-100, in bear market territory. Both have been sliding since December 2021, and investors are reeling from steep losses in individual stocks that exceed 80% in some cases, particularly in the tech sector.
The U.S. economy sits at an important crossroads. Inflation recently hit a 40-year high, and the Federal Reserve is on a mission to cool prices by aggressively hiking interest rates. In its June meeting, the Fed lifted the benchmark rate by 75 basis points, which was the largest single increase since 1994.
Understandably, investors might be looking for the best place to shelter their money from further losses in the short term, and there are some great options. But it's always more beneficial to focus on the long term because the economy, and the market, will eventually pick up steam once again.
Source Fool.com
