U.S. inflation reached highest levels. The U.S. consumer inflation in May 2022 reached the highest levels at 8.6% since December 1981. Inflation continue to rise despite measures by the Fed increasing interest rates over the past few months.
The surge in energy and food prices was a result of the ongoing war between Russia and Ukraine. Sanctions imposed on Russia disrupted oil and gas supply. Food exports were also disrupted which affected the global food supply chain.
Last night, the stock market reacted to the news of uncontrollable inflation. As you can see below, the Dow Jones Industrial Average (DJIA), NASDAQ and S&P 500 all fell.
Well, I am not an economist. The purpose of writing this post is to share some of the opportunities that I am watching in the U.S stock market.
Most of these stock prices are reaching their 52 week low. As a long term investors, I am tempted to scoop up some of these stocks....