Key takeaways
- Tech is the big loser of recessions, while essential goods usually weather the storm.
- A few industries tend to buck the trend of dipping in recessions to provide consistent dividends.
- Some stocks have fared well in the last year and could be players to watch, but there’s never any guarantee that any will make big returns in 2023.
Let’s face it: a recession isn’t a lot of fun for the stock market. As companies’ customers disappear, spending shrinks and their stock value lessens.
This is especially true in tech, with Big Tech giant Meta currently down two-thirds of its value. Other companies aren’t faring much better. Some are even saying we’re heading for the longest bear market of all time.
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