Growing concerns over the Russia-Ukraine war and the Federal Reserve’s upcoming interest rate hikes are expected to keep the stock market under pressure in the foreseeable future. Today’s military attack on Ukraine has led to a sell-off in global stock markets and a surge in oil prices.
Given this scenario, betting on defensive stocks could be one of the best options for investors seeking to hedge their portfolios from the expected market volatility in the upcoming weeks. Companies that generate stable earnings and have a history of consistently paying dividends could be the best picks now.
