The U.S. stock market is undergoing a rotation as investors grapple with softening economic data and recalibrate their portfolios.
This turmoil is not without its opportunities, as defensive stocks could trade at much higher premiums. These stocks were offloaded as investors chased growth stocks, but they could be key beneficiaries if investors keep de-risking their portfolios.
It’s worth snapping up some cheap defensive stocks that are trading at floor prices. Plus, defensive stocks usually come with dividends, so they could be even more attractive if the Fed starts cutting again in June.
This post originally appeared at Money Morning.