2 Monster Growth Stocks to Buy and Hold in a Down Market
The Federal Reserve aims for an annual inflation rate of 2%, but the consumer price index has come in above that target for 13 consecutive months. The problem started long before the Russia-Ukraine war, though the conflict has certainly been an accelerant. To regain control, the central bank is scrambling to raise interest rates, but many investors are worried the Fed will tighten its monetary policy too quickly, causing a recession.
Those fears have led to a significant drop in stock prices. Of course, it never feels good to watch your portfolio fall, but seasoned investors know that market downturns are typically great times to buy stocks. With that in mind, Adyen (OTC: ADYE.Y) and Snowflake (NYSE: SNOW) look like smart long-term investments.
Here's what you should know.
Source Fool.com
