The past few days have been volatile for markets: Headlines from China of protests and lockdowns are changing by the hour, while Russia's war with Ukraine lingers on and the economic picture at home shifts with every new piece of data. We're living through one of the most dynamic periods in recent memory. It's nearly impossible to estimate precisely when China will fully reopen from the Covid pandemic, or how technology stocks and interest will react to the next Fed speech.
One key to successful investing starts with buying low in a company and then watching the stock trade higher. But a stock being down is never reason enough to buy. It has to have the fundamentals, too. Given the many uncertainties facing the economy, we still think those investors that are trying to navigate the highest of fliers — like unprofitable technology stocks — are playing too difficult of a game. Our preference is still with stocks that offer defensive growth.
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Source: WSJ - 🏆 98. / 63 Read more »