Buy these 12 high-quality stocks that are up to 42% below their fair market value as Fed rate hikes begin to hit the economy hard, according to Morningstar’s chief strategist and economist

• Rising rates, economic uncertainty, and spiking yields have caused the market to sell off. 
• The economy will slow until mid-2024, according to Preston Caldwell.
• Investors should be overweight in value stocks, says Dave Sekara. 

Rising interest rates, increasing uncertainty about the economy, and spiking yields on the 10-year Treasury have caused the market to sell off.