The Stock Market’s Recession Playbook is in Full Swing

The stock market’s recession playbook is in full effect Investors are de-risking portfolios amid recession fears, driving a stock market sell-off. Weak economic data, including a surge in unemployment, has fueled recession concerns. Traders are responding by piling into defensive and dividend-paying stocks, as well as government bonds. The stock market’s recession playbook is in full swing as suddenly-panicked investors look to aggressively de-risk their portfolios amid fears of a downturn. Major equity indexes have been in free-fall for three days running, selling off in response to a slew of weak economic data. Investors are questioning if the Federal Reserve waited too long…