2 Supercharged Stocks to Buy With $1,000 Right Now
Since the Great Recession officially ended in 2009, growth stocks have been the driving force on Wall Street. Low lending rates, massive government spending, and the Federal Reserve providing an abundant pool of cheap capital have incentivized businesses to hire, innovate, and acquire other companies.
The chickens are now coming home to roost in terms of runaway inflation, and though the Fed has indicated rate hikes are coming to combat high prices, effects won't be felt right away. Inflation has also made it difficult to find stocks that are cheap, with the S&P 500's price-to-earnings ratio of 29.4 at historically elevated levels.
Market corrections are common and the Fed's intention to raise rates could trigger one. Since 1926, there have been nine bear markets and 15 recessions, though no one can know when one will occur. Fortunately, those down markets only lasted 1.4 years on average while bull markets on average stuck around for nine years.
Source Fool.com
