---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39366423.md"
description: "Recently, I was thinking about being defensive, but upon closer thought, the narrative seems contradictory 🛒. If there's a real soft landing, defensive stocks are highly likely to underperform. Moreover, if crude oil rebounds and the dollar remains strong, the margin pressure on Nike and P&G will look ugly. My current thinking is that within the defensive category, Walmart's discount retail attribute is the most solid. For other stocks, I will gradually reduce my position."
datetime: "2026-03-19T09:54:33.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39366423.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39366423.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39366423.md)
author: "[peachjuice](https://longbridge.com/en/profiles/25708402.md)"
---

# Recently, I was thinking about being defensive, bu…


### Related Stocks

- [PG.US](https://longbridge.com/en/quote/PG.US.md)
- [WMT.US](https://longbridge.com/en/quote/WMT.US.md)
- [NKE.US](https://longbridge.com/en/quote/NKE.US.md)