Stock Market Sell-Off: Is Procter & Gamble a Buy?
It's been a rough year for investors as inflation, rising interest rates, and other macro headwinds rattled the markets. The S&P 500 has declined more than 20% this year, while the NASDAQ has tumbled by over 30%.
This bear market won't last forever, but it could drag on if rising rates fail to tame inflation and cause a global recession instead. The strong dollar will also continue to generate fierce headwinds for multinational companies.
Faced with these challenges, it's tempting to avoid stocks altogether until the macro headwinds dissipate. But could Procter & Gamble (NYSE: PG), which has weathered dozens of economic downturns over the past 184 years, actually be a great stock to buy before the bear market ends?
Source Fool.com
