June 2022 update - Full defensive
The US stock market is now officially in a bear market. What that means is that US stocks have fallen 20% or more since their peak. Some sectors of the market have fallen much more than that: technology, communications services and consumer discretionary stocks have all lost at least 30% so far. Last week, the Federal Reserve hiked its interest rate by 75 basis points, trying to fight off inflation. But that might cause the economy to slow down, maybe even go into a recession