A Recession Is Coming: Invesco's de Longis

The video discusses the strategy of going overweight on equities despite an anticipated recession in late 2023. It highlights the potential for market fluctuations and the supportive role of cyclical assets. The discussion includes global economic trends, such as China's partial reopening and the Fed's potential pause in tightening. The video concludes with an outlook on inflation, oil prices, and credit spreads, suggesting a positive market environment in the near term.

What is the speaker's prediction regarding a recession?

• It will definitely happen in early 2023.

• It will not happen at all.

• It is uncertain if it will happen.

• It is expected to occur at some point, possibly in late 2023.

What is expected to happen to markets between now and the predicted recession?

• Markets will experience significant fluctuations.

• Markets will only affect credit markets.

• Markets will remain stable.

• Markets will only affect equity markets.

How does the speaker view the news from China?

• As irrelevant to market trends.

• As a step in the right direction.

• As a negative development.

• As a full reopening.

What is the Federal Reserve expected to do according to the speaker?

• Ignore recessionary prints.

• Increase interest rates significantly.

• Continue tightening the cycle.

• Signal a pause in the tightening cycle.

What market conditions are expected if recessionary indicators do not appear soon?

• High inflation and rising oil prices.

• Stable credit spreads and high inflation.

• Increasing recessionary prints.

• Falling inflation and oil prices.