Defensive plays, like fast-food stocks WEN and YUM, are starting to look tempting after last week’s round of volatility. At this juncture, there’s no telling if the September pullback is the start of something more ominous as recession and rate risks return to the spotlight or if we’re just in the midst of a much-needed seasonal cooldown before autumn sets in.
Either way, fast-food stocks may be able to fatten up your portfolio as more than just the leaves begin to fall going into late September. The first half of the year saw risk-on tech stocks soar by double-digit percentage points, so it’s only prudent to give some of the neglected defensive plays a second look as hot tech plays begin to give some of the gains back.
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