What should we make of today’s market conditions? Investors have started digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include an increasing probability of a government shutdown as Congress grapples with partisan disagreements over annual budget resolutions, declining consumer confidence as worries mount, and a sharp surge in oil prices on the commodity trading floors.
All of these factors should rekindle interest in strong defensive plays, particularly high-yield dividend stocks. These stocks offer both protection and passive income during these challenging times.
Wall Street analysts seem to concur, as they have identified high-yield dividend payers as attractive buys right now. Let’s delve into two of these picks: ‘Strong Buy’ stocks with…
