Friday, writes Scott Rothbort, founder and President of LakeView Asset Management, when the markets were in the midst of their two day tumble, we used
some of the cash that we received from selling some stocks earlier in the week
to re-deploy into the Consumer Staples SPDR (ticker: XLP).
This ETF is chock full of
household names and provides us with protection from inflationary pressures and
a slowing economy. In addition it carries a 2% dividend yield.