Locator: 51190B.
A talking head whom I had never seen before was on CNBC near the close today.
He was a financial advisor of sorts whose clients were high net worth who had a habit of holding too much cash.
He suggested such individuals should use some of that "cash on the sideline," and invest in defensive stocks. Music to my ears. His defensive stocks:
- Copper -- mentioned first;
- then, he mentioned energy (oil); and, finally,
- agriculture.
So, there you have it.
I think one could add fiber-optics to copper. Not sure if that's defensive or just common sense.
This is not an investment site.
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
