Probably to stay away from TECH stocks for this period of time, seems that Comsumer Stables stock will be doing well. Meanwhile wait till the election to be over and moving onwards to Q4 2024.
$Procter & Gamble(PG)$ $Pepsi(PEP)$ $Coca-Cola(KO)$
@OptionsBB @TechnicalHunter @JC888 @icycrystal @koolgal
Pricing Recession? Which Defensive Stocks Do You Pick?
Tech stocks led the decline on Tuesday, with the Nasdaq dropping more than 3%.
Manufacturing activity in the U.S. contracted for the fifth consecutive month in August, with orders and production indicators accelerating their decline.
Lower than expected manufacturing data raised concerns among investors about a potential recession in the U.S. economy.
However, consumer staples surged, with KO, Pepsi, and PG rising around 2%.
Do you have consumer staples in your portfolio? Which one do you favor?
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