One of the biggest difficulties for markets last year was the Federal Reserve's aggressive policy of hiking the fed funds rate . After holding interest rates at close to 0% in 2020 and 2021, rates rose at a rapid clip last year. While this meant tough sledding for the stock and bond markets, not all stocks were negatively affected by this increase in rates.
CME Group (NASDAQ: CME) is the biggest operator of derivatives exchanges, and the Fed's moves helped it put together a record year for trading volumes. Is the stock a buy at these levels?
The Chicago Mercantile Exchange building in Chicago. Image source: Getty Images.
For further details see:
Market Volatility Pays Off for CME Group With Record Volumes