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Here’s the defensive stock-market trade that works no matter where bond yields end up

MarketWatch · May 26, 2026, 10:54 AM · Also reported by 3 other sources

JPMorgan says low-volatility stocks have underperformed this year, are ready to bust out no matter what the macro backdrop looks like.

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Here’s the defensive stock-market trade that works no matter where bond yields end up

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