A Bull Market Is Coming: 2 Top Growth Stocks to Buy in April 2023
Red-hot inflation sent the S&P 500 tumbling into a bear market last year, and the benchmark index is still down 15%. Rising interest rates factored heavily into that decline. To cool the overheated economy, the Federal Reserve raised its benchmark rate at its fastest pace in four decades. But the tightening cycle might end soon -- the latest projections from Fed officials imply one more quarter-point hike this year -- and that could be the catalyst that triggers the next bull market.
Historically, the S&P 500 performs well after tightening cycles. In fact, the index produced an average return of 17.8% in the 12 months following tightening cycles over the last four decades, according to FactSet. But even if the next bull market fails to materialize this year, investors can rest assured that a rally is coming. Every past bear market has always ended in a new bull market.
In the meantime, CrowdStrike (NASDAQ: CRWD) and The Trade Desk (NASDAQ: TTD) are worth buying in April.
Source Fool.com