With the stock market in a prolonged decline driven by rising interest rates and inflation, hedge funds are adjusting their strategies, focusing on recession-resistant stocks. Despite a 17% drop in retirement portfolios tied to the S&P 500 year-to-date, companies like McDonald's and PepsiCo are thriving. McDonald's reported a significant increase in global comparable sales and maintains a solid dividend yield, prompting hedge funds to boost their stakes in these resilient firms. Meanwhile, mixed earnings reports from major corporations indicate a divergence in economic performance, with strong results from firms like Cisco, but challenges for others like Ford.
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