IBKR - 1 Super Stock Can Help You Weather the Latest Stock Market Sell-Off
2023-10-25 07:15:00 ET
The stock market is in a rut at the moment. While the benchmark S&P 500 index is still comfortably in the green for 2023, it has fallen 7.6% since the beginning of August.
One of the headline issues weighing on the market right now is the after-effects of a rapid rise in interest rates. The average 30-year fixed mortgage rate moved above 8% last week, and U.S. government Treasury bonds now offer investors an attractive risk-free annual return above 5% in some cases, which is keeping them out of the stock market.
Still, there are some companies benefiting from the increased volatility and higher interest rates right now. Interactive Brokers (NASDAQ: IBKR) is one of them. Here's why buying this stock can help investors weather the recent market sell-off.
For further details see:
1 Super Stock Can Help You Weather the Latest Stock Market Sell-Off