The Fed’s hawkishness and mounting recession fears are expected to keep the stock market under pressure. Amid this backdrop, it could be wise to avoid fundamentally weak stocks Carvana (CVNA) and Peloton Interactive (PTON), which possess significant downside risks. Continue reading….
The stubbornly high inflation has shown no signs of slowing down, as was evident from August’s CPI report. Yesterday, the Fed announced a 75 basis-point interest rate hike for the third consecutive time and hinted at continuing its aggressive policy measures until inflation reaches its target level.