- Bank of America sees limited gains for US stock indexes in 2023 as a recession begins.
- Inflation could also stay high for longer than expected, which would hurt growth stocks.
- Here are 15 stocks with high free cash flow that investors should target in a downturn.
For years, investing in low-cost funds that tracked major indexes seemed like a foolproof strategy.
But last year revealed the limitations of that hands-off approach after the S&P 500 declined 19.4% — its worst performance since 2008.
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