Mike Khouw breaks down a defensive trade for this tough economic picture.
The consumer, making up 70% of the U.S. economy, is being hit by higher interest rates and sticky inflation. If this trend continues, there's a defensive options trade to capitalize on it. It is often said that the U.S. economy is consumer-driven. The reason? Consumer spending, also known as personal consumption expenditures , typically represents about two-thirds of the U.S. GDP.
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