3 Unbeatable Stocks to Buy During a Biden Bear Market
Although Wall Street staged one heck of a four-day rally to end last week, it doesn't change the fact that the three major U.S. indexes are undergoing their steepest corrections in two years. Both the 125-year-old Dow Jones Industrial Average and widely followed S&P 500 were more than 10% below their respective all-time closing highs on March 14. Meanwhile, the tech-heavy Nasdaq Composite was decisively in bear market territory with a decline of 22% since its November peak.
These declines are in stark contrast to what investors thought would happen when President Biden took office a little over a year ago. The combination of dovish monetary policy coupled with historically low lending rates was expected to produce a long-term bull market. Instead, the unpredictability of global conflict and the Fed's lax monetary policy has made a Biden bear market a reality.
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Source Fool.com
