2 Monster Growth Stocks That Could Lead a Market Rebound in the Second Half of 2022
The Federal Reserve has already raised interest rates three times this year in an effort to stamp out inflation, and it started reducing its balance sheet in June as another means of cooling the overheated economy. The central bank believes inflation, as measured by the price index for personal consumption expenditures (PCE), will fall to 5.2% by the end of the year. That figure still exceeds the 2% target, but it's a big improvement from 6.3% in May.
Unfortunately, rampant inflation has already taken a toll on the stock market. The benchmark S&P 500 and tech-heavy Nasdaq Composite have plunged 20% and 29.5%, respectively, from all-time highs. But the market tends to be forward-looking, and falling inflation in the second half of the year could spark the next bull market.
With that in mind, now looks like a good time to buy a few shares of Nvidia (NASDAQ: NVDA) and Cloudflare (NYSE: NET). Here's why.
Source Fool.com
