The major market indexes have all hit new highs this year. But it's always a good idea to have a list of stocks you wouldn't hesitate to buy if they were suddenly on sale.

Historically, a market sell-off of 10% or more from the previous high occurs about once every two years. The Nasdaq Composite experienced a mild correction almost a year ago, so investors should be prepared for the possibility of another dip in the next year or so.

One indicator that continues to weigh on the near-term outlook for the markets is the inverted yield curve -- the yield on shorter-duration Treasury bonds is higher than the yield on longer-term Treasury bonds. That condition has preceded almost every recession over the last 50 years -- and the yield curve has been inverted since July 2022.

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Source Fool.com