The stock market ended 2022 as the worst year since the 2008 economic meltdown, with the Fed launching four consecutive 75-basis-point rate increases in 2022 before wrapping the year with a slightly lower 50-basis-point rate hike.
However, the current market backdrop gives investors a golden opportunity to add quality stocks to their portfolios, trading at attractive valuations. Given the fundamental strength, these stocks are expected to rebound faster when the market starts recovering.
This post originally appeared at StockNews.com.