Stock Market Sell-Off: 1 Growth Stock to Buy, and 1 to Sell
The stock market is in sell-off mode at the moment, in an apparent continuation of what was a dismal year in 2022. Investors have been grappling with the effects of elevated inflation, which topped a 40-year high last June and sent interest rates climbing rapidly.
Consumers have ultimately been left with a weaker financial position, which means less spending, and therefore less revenue for businesses. In that context, it's no surprise that the benchmark S&P 500 stock market index is down more than 20% from its all-time high.
But a new headwind emerged last week with the collapse of SVB Financial, the owner of Silicon Valley Bank. It sent the financial sector into a tailspin, and investors are still assessing the damage.
Source Fool.com
