Market Volatility Pays Off for CME Group With Record Volumes
One of the biggest difficulties for markets last year was the Federal Reserve's aggressive policy of hiking the fed funds rate. After holding interest rates at close to 0% in 2020 and 2021, rates rose at a rapid clip last year. While this meant tough sledding for the stock and bond markets, not all stocks were negatively affected by this increase in rates.
CME Group (NASDAQ: CME) is the biggest operator of derivatives exchanges, and the Fed's moves helped it put together a record year for trading volumes. Is the stock a buy at these levels?
The Chicago Mercantile Exchange building in Chicago. Image source: Getty Images.
Source Fool.com
