Defensive Positioning

These Few Investments Have Stayed In the Green As the Market Has Experienced Its Worst Week Since September

By Noah Weidner
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The last two weeks have been bad news stacked on top of bad economic reports — and it’s not over yet. As if tariff uncertainty, an uptick in job losses, and an eight-month low in consumer sentiment weren’t enough, February’s payroll report showed a modest uptick in the unemployment rate. That revelation only added to the market’s worst week since Sept. 2024, with the Nasdaq-100 falling into correction territory on Friday. And if things keep going south, there are a few possible places investors might go to ride out the storm.

  • Over the last few sessions, just four S&P sectors have been able to avert market-wide losses to start the year — consumer staples, real estate, health care, and utilities.
  • Aside from that, US treasuries and gold have marched in the face of negative economic readings — up 2.8% and 9.2%, respectively, to start the year.

Inducing a recession? Although the state of things is creating anxiety for Americans, everything seems to be going to plan according to the Trump administration, which has been undertaking policy with the aim of reducing the 10-year rate and refinancing trillions in US debt. There’s no telling whether the unconventional approach will pare results, particularly since the plan would see the current administration attempting to go around the Fed, which sets interest rates and models for fewer rate cuts in 2025 than expected as the economy remains strong. We’ll have to see if that remains the case.