The first half of next year will be marred by a “decent-sized recession in the northern hemisphere,” says Yarra Capital’s Tim Toohey. He also suggests, somewhat counter-intuitively, that’s precisely why now is the time to buy equities. Small-cap tech stocks Why bond yields matter Equity sectors to avoid Australia.
The worst is already over for large parts of the equity market, despite many investors remaining paralysed by recessionary fears, says Yarra Capital’s Dion Hershan. “There are very few words that are as emotive for investors as recession, which often strikes panic but that’s often with no understanding of what.