Image source: Getty Images.
While equity markets remain volatile, the broader indices have staged a remarkable comeback in 2023. Investors were worried about rising interest rates, inflation, elevated oil prices, geopolitical tensions, and sluggish consumer spending at the start of the year. Despite these macro headwinds, the TSX index has gained over 3% in the past month and close to 4.5% year to date. Moreover, the S&P 500 index reported one of its best months in November 2023, rising over 8%.
The recent recovery in stocks indicates that it is extremely difficult to time the market. Instead, buying undervalued stocks at regular intervals is a proven strategy for building long-term wealth. Keeping these factors in mind, here are three cheap TSX stocks I’d buy before the next bull market arrives.
Savaria stock
Valued at $1.06 billion by market cap, Savaria (TSX:SIS) has already created massive wealth for…
