Lorne Steinberg's Top Picks: March 13, 2023

Top picks from Lorne Steinberg, president, Lorne Steinberg Wealth Management

FOCUS: Global value stocks and high-yield bonds 

MARKET OUTLOOK:

Recent comments by the U.S. Federal Reserve indicate that there is a high probability of further interest rate hikes, as the jobs market remains strong and wages are rising. With the war in Ukraine now in its second year, food and energy prices continue to put upward pressure on inflation. All of this has contributed to ongoing market volatility.