Caterpillar represents a great stock market buy for the next 6 months or longer.  This is not a so called “defensive” stock in the common place thinking of defensive stocks, but to me it represents a defensive position to hold value during the downturn in tech, crypto and the overall stock market.  Real value is found in things that are sturdy and of a hard asset class such as metals, mining stock, heavy equipment (i.e. Caterpillar) anything which can preserve money in a hard asset manner.

Think of it like this.  You have $10,000 and inflation is taking away over 7% which is $700 you are losing each year that inflation stays at 7%.  That is purchasing power losing value.  Of course everyone is suffering together so it is all relative in that we all are losing the same amount.  Additionally, as we build back the US infrastructure in the Federal Government bills, Caterpillar is the heavy equipment maker that is needed here and globally to do any large projects such as bridges, roads, railroads and commercial building.