October 11, 2024

Defensive stocks are making a comeback as Fed readies rate cuts. What’s next for Wall Street’s hottest trade.

 Defensive stocks are making a comeback as Fed readies rate cuts. What’s next for Wall Street’s hottest trade.

Defensive stocks are making a comeback as Fed readies rate cuts. What’s next for Wall Street’s hottest trade.

A previously unloved corner of the U.S. stock market has quietly emerged as one of the top performers on the S&P 500, reshaping Wall Street over the past few months.