The stock market may face significant selling pressure in January, driven by various factors. One major concern is the impending interest rate hike by the US Federal Reserve, which could lead to higher borrowing costs and reduced consumer spending.
Another factor contributing to the potential downturn is the ongoing impact of the COVID-19 pandemic on global economic growth. The ongoing supply chain disruptions and labor shortages have created uncertainty for investors.
In a related note, some high-income stocks have outperformed the S&P 500’s 10-year average return. One such stock is [no specific company mentioned in the provided text]. This investment has consistently beaten the benchmark index over the long term.
Additionally, the US government has introduced a new category for whiskey classification, which could impact the spirits industry. The move aims to provide more clarity on the types of whiskeys that can be labeled as “US-made.”
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Source: https://www.marketwatch.com/story/why-the-stock-market-may-sell-off-even-more-in-january-4128650c