After a promising start to the year, every major U.S. stock index has dipped in February. Stocks have swooned this month in response to stubbornly high inflation, which economists expect will result in another round of aggressive interest rate hikes by the Federal Reserve later this year.

What does this mean for stock investors? The best stocks in this type of environment are arguably going to be defensive in nature. Defensive stocks are equities that are less sensitive to macroeconomic factors, resulting in fairly stable price performance in both bull and bear markets. 

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Source Fool.com