S&P 500 Bear Market: 2 Top Growth Stocks to Buy and Hold Through the Downturn

Inflation hit a fresh 40-year high in May, according to the U.S. Labor Department. That news has renewed concerns about the Federal Reserve's ability to tame rapidly rising prices. If the central bank is too heavy-handed in its response, it could inadvertently tip the economy into a recession.

The S&P 500 is now down 21% from its high, which puts the popular index in bear market territory. Unfortunately, downturns like the current one are unavoidable, but there is a silver lining. The S&P 500 has weathered 10 bear markets since 1950, and they have all ended in a bull rally that erases all losses and pushes the market to new highs.

With that in mind, now looks like a good time to put money into stocks, and CrowdStrike Holdings (NASDAQ: CRWD) and Globant (NYSE: GLOB) are ripe for the picking. Here's why.

Source Fool.com