Buy XLP for a Defensive Run — Positioning for a Better-Than-Expected 2026
XLP has become the go-to defensive play as investors rotate out of expensive growth. Fundamentals - steady earnings, a 2.45% yield and market-cap concentration in resilient names - combined with technical support argue for a measured long. Entry $89.84, stop $86.00, target $95.00. Hold horizon: long term (180 trading days).