How to prepare for the next recession

That’s one of the most frequent questions we hear. And for good reason. Recessions can be complicated, misunderstood and sometimes downright scary. With the U.S. expansion nearly 10 years old and market volatility elevated, investors may be wondering whether the next recession is just around the corner. In our view, we don’t believe a recession is imminent in 2019. But with the economy firmly in late cycle territory, we should be more aware about the possibility down the road.