As we enter the last quarter of 2022, the macro issues that have defined the year continue to persist. Inflation remains high, interest rates keep climbing, as does the risk of a recession. Yet while overall market sentiment remains deeply negative, there is opportunity to seize, with cheap large-cap stocks to buy.
Not only has it been speculative and growth-focused stocks that have hit lower prices following the latest rounds of market volatility. Even more defensive names, as well as stocks benefiting from current trends (commodities stocks) have been been bid down to lower prices.This has created the ability to scoop up many high-quality large-cap stocks at very favorable valuations. Made cheaper by external factors, once these issues clear up, these undervalued but fundamentally superior stocks are well-positioned to make a rapid recovery.
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