Vantage Point: Investing in recessions

Last year, 2022, was one of only three in 50 years where equities and bonds recorded negative returns at the same time. This created challenges for investors and their clients in a year where economic growth started strongly. Just so, 2023 promises to be another challenging year as economic downturns take hold. Given this, how can investors position portfolios for profit, in a year when both asset allocation and individual security selection are likely to be important?