Hopes of inflation inflecting to the downside were shattered when the most recent CPI data was released on November 10th, indicating that inflation had reached a 30 year high at a rate of over 6%. With inflation trending up, the risk tolerance of investors is understandably trending down. Many investors could be forgiven for taking a more risk-off approach with their portfolios and seeking to rotate into stocks that help to protect their wealth from the effects of inflation.
This post will examine 5 defensive stocks that investors could use to help protect their portfolios. Let’s jump in!