January proved a rough start for U.S. stocks as indexes barely avoided a worst-ever yearly start with investors swerving away from risky stocks, suggesting a market correction in 2022, while companies brace for interest rate hikes and a withdrawal of pandemic relief measures.
After years of booming markets, lofty valuations of companies especially in the tech sector, have come under the spotlight as the central bank plans to increase rates and tighten money flow in the economy.
