Despite a once-in-a-century pandemic standing in the way, investors enjoyed three straight years of strong stock market returns in 2019, 2020, and 2021. But 2022 has been an entirely different story; the economic winds have shifted, and companies are grappling with high inflation and rising interest rates.
The S&P 500 index has lost over 15% year to date, and if the year ended right now, it would be the worst result since 2008 when the global financial crisis rocked the world.
But there are some early signs that inflation has peaked, which could ease the pressure on consumers and businesses alike. With 2023 right around the corner, that sets the stage for a potential rebound in the market, and here are two stocks worth buying while they’re still trading at a discount.
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