Growth stocks have been feeling the squeeze of macroeconomic pressures lately.

With inflation still coming in hot, the Federal Reserve raising interest rates in hopes of getting the situation under control, and the possibility that 2023 will play host to a prolonged economic downturn, investors have broadly turned away from companies with forward-looking valuations. 

While macroeconomic volatility may continue to shape the state of the market in the near term, the silver lining is that some companies with fantastic long-term prospects have seen their valuations pushed down to levels that open the door for market-crushing returns.

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Source Fool.com