A Bull Market Is Coming: Buying This Stock Is a Genius Move
The S&P 500, a major stock index that investors closely follow, ended 2022 down 19% on the year. Tighter monetary policy, with the stated intention to put a lid on soaring inflation, can be partly to blame for why investors shunned risky assets, sending stock prices lower.
Posting negative returns in back-to-back years is a rare occurrence. In fact, the last time this happened was during the dot-com bubble, when the S&P 500 fell three straight years from 2000 through 2002. No one knows for sure what 2023 will bring, but the odds favor a positive year, something that investors should view as welcome news.
With this optimism of hoping for a bull market in mind, buying this stock could be a genius move for your portfolio.
Source Fool.com
