US investors are underestimating how painful a recession could be for some companies, strategist says

Dec 30 2022 by Business Insider

 
Traders.

Reuters

US asset prices aren't yet reflecting the risk a recession poses to companies, a leading strategist says. Cyclical or heavily indebted businesses could struggle in a downturn, Simplify's Michael Green said. Green touted high-quality companies with big and steady profits, and little need for financing, as likely winners in 2023.

US investors have punished growth stocks such as  Tesla and Meta this year, but they're yet to sour on other assets that could suffer if a recession...

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