How to Find Recession Proof Stocks

Credits to Nilus Mattive

Global shipping is grinding to a halt; consumers are hunkering down again; manufacturing measures are indicating a new slump in activity; and even China’s red-hot economy is now a bit less robust according to Beijing!

In short, now is the perfect time to revisit the areas of the stock market that traditionally hold up best when recessions strike. These are the very same areas that I’ve been emphasizing all along, even during the manic rally, and the very same groups of stocks that you should look at right now as storm clouds roll back over the economic landscape.

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Market Outlook (July 5th - 9th)

 

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Current Trend : Uptrend

Support 1 : 1303

Support 2 : 1295

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Interest Rate Increase Next Week?

Although Malaysia’s year-on-year (yoy) export growth of 21.9% to RM52.3bil in May fell below market expectations, economists are still positive on an interest rate increase next week.

 

Reuters poll of 13 economists had forecast May exports to rise by 25.7% from a year earlier. Exports in April had expanded 26.6% yoy.

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