As we continue to move through the second half of 2022, stock market investors are turning to defense stocks as a good way to shelter your portfolio from the storm. In detail, the most recent GDP data that was released last week has given the U.S. economy the “recession” label. As well as, the Fed confirmed another 75 basis point interest rate hike at the most recent FOMC meeting this month.
With that, defense stocks have long been a favorite of investors seeking to protect their portfolios from volatile swings in the stock market now. Additionally, they are usually less sensitive to economic cycles than other sectors, making them a safe haven during times of market turmoil.
Keeping this in mind, let’s take a look at four top defensive stocks in the stock market now.
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