Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to Investing Insights. I'm your host, Ivana Hampton. Investing Insights is helping investors navigate market volatility in a new series.

Morningstar Strategists and authors will deliver timely

insights, trends, and tips. These episodes will pop into your podcast feed at least once a month.

This week's episode focuses on which investments might be safer than others during a recession.

The chances of one happening have increased quite a bit over the past

few weeks. That's according to Morningstar's U.S. economics team, Amy Arnott, has researched past

recessions to identify which asset classes. Investment styles and equity sectors bear best

and worse. The Morningstar Inc. portfolio strategies discussed her findings to help investors

limit some of the damage. Thanks for being here, Amy. Sure. Thanks for having me. Well, fears of a

recession are growing because of the trade war uncertainty. How does this current volatility compare

to other times? But before you answer,

let's timestamp our conversation. Today is Wednesday, April 16th, just before 11 a.m.

Yeah. So, you know, we saw market volatility starting to pick up around the end of February.

And as you know, we had the big spike in early April right after the more specifics

on tariffs were announced. And we saw a big two-day drop in the markets when, you know, there was

one day the market was down about 5%, then another 5% the next day.

Since then, now they were in this 90-day pause, things have settled down a little bit.

But if you look at the VIX index, which is measuring market expectations for future volatility,

it's still pretty far above average at this point. So, you know, we're running about

30 or so with the VIX versus a long-term average of about 20. So definitely a period of heightened

uncertainty and volatility. You know how the recent up and down moves in the stock market have

...