The Fed’s hawkish monetary policy approach has significantly impacted investors’ confidence this year. Moreover, with the Fed indicating more rate hikes in the coming months, the stock market is expected to remain under pressure in the near term. Therefore, we think it could be wise to avoid fundamentally weak stocks Snap Inc. (SNAP), Norwegian Cruise Line (NCLH), and ContextLogic (WISH). Read on to learn more….
The Consumer Price Index (CPI) for August increased 8.3% year over year, topping market expectations. This led the Fed to declare its third straight 75-basis-point rate increase in September, sparking worries about an economic slump.
