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Playing Defense in an Extremely Difficult Market Environment | Michael Lee
Michael Lee of Michael Lee Strategy talks about how he's more defensive than he's ever been in this market and economic environment. He cites the triple threats of rising inflation, potential recession, and aggressive Federal Reserve interest rate hikes, saying it "keeps me up at night as to where we're going to go next." Lee recommends lowering your stock exposure, buying munis and 2-year Treasuries, and focusing on defensive sectors like consumer staples, utilities, health care, and energy.
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