I'm loading on defensive stocks. Today I added to my Phillip Morris International (PM). I'm also planning to add some soft beverage stock (usual question, Coke or Pepsi, although I drink neither). I think Pepsico (PEP), looks like it has better management. Then I need some food company, local favorite General Mills (GIS) looks good. Can't find any good booze company yet, people should drink more when times are bad, shouldn't they?
Full disclosure: at the time of publication author had a long position in PM and no positions in other stocks mentioned. Positions can change any time.