On average, stock returns during US recessions have been negative for a globally diversified Canadian investor. Nobody wants to lose money, so it is common to wonder what can be done to avoid the potentially negative stock returns that often come with a recession.

Studies mentioned in the video:

- The Death of Diversification Has Been Greatly Exaggerated: https://pdfs.semanticscholar.org/7a21/0b473a0817b99041b46ddf4ddb5cad613f33.pdf 

- Fama-French Factors and Business Cycles: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3082577 

- Inverted Yield Curves and Expected Stock Returns: https://famafrench.dimensional.com/media/467645/inverted-yield-curves-and-expected-stock-returns-july-28-2019.pdf 


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