Time to get defensive with the portfolio?

[Goofyhoofy]

Wall Street’s new darling: the HALO trade

## Wall Street’s Latest Bet Is on ‘HALO’ Companies With AI Immunity Deere and McDonald’s have become darlings to investors worried about broad AI disruption After a three-year love affair with anything related to artificial intelligence, U.S. investors are flocking to the factory owners, fast-food restaurants and commodity companies that have seemingly strong odds of surviving the technological revolution intact. Call it the AI immunity trade, HALO—for “heavy assets, low obsolescence”—or j…