Macro Trend: Staples demand holds up when things get ugly. If AI capex rolls over, this is where the portfolio takes les

If AI capex rolls over and tech companies cut back on their investments, staples companies such as Kroger and Walmart would be less affected due to the consistent demand for basic goods. People’s need for food, cleaning supplies, and other essentials remains stable even during economic downturns or disruptions in tech investment, providing a buffer against broader market volatility. This demand resilience ensures that staples companies can maintain steady cash flow and profitability, making them an attractive hedge for investors looking to diversify their portfolio.