In this type of scenario, a speculative stock like Carvana (NYSE: CVNA) might do well. The Federal Reserve's aggressive interest rate hikes last year posed a headwind for valuations, but with inflation showing some signs of cooling down, maybe a bull market is on the horizon in the not-too-distant future. But in Carvana's case, the situation means that there is incredible potential upside for investors should things continue to improve for the underlying business.