The markets have been behaving badly over the past several weeks posting gains and losses of more than 100 basis points on several occasions. The indexes have shed about 3% just this week as investors scramble to find a sense of direction amidst a market where volatility reigns supreme. With so much uncertainty in stocks right now, it might be a good time to consider adding a defensive play to your portfolio.
As the economy continues to struggle, we could be headed towards a recession. It's a good time to reevaluate your holdings and think about adding something defensive into the mix. Certain sectors of the stock market tend to outperform when the overall economy contracts and picking up a solid, dividend paying health care stock could deliver the kind of defensive results your portfolio needs. Continue reading "This Health Care Play Could Help Protect Your Portfolio"