US stocks have tumbled sharply since the start of this year. The NASDAQ has declined by 14.3% from its November all-time high and entered correction territory. The carnage looks even worse if we ignore the trillion-dollar companies that make up a sizable part of the index’s weight. According to Bloomberg, roughly four out of every 10 companies on the NASDAQ have seen their share prices halve from their 52-week high. The swoon occurred due to the Federal Reserve signalling its intention to raise interest rates on the back of soaring inflation. If you are invested, it’s not a great feeling to see your stocks skidding sharply lower. However, lower share prices are also an opportunity. Healthy free cash flow generation Amid the carnage, it’s important to remember that these sharp declines are mostly driven by short-term sentiment. Over the long term, it’s business fundamentals that determine how well your investments will perform....