While strategists at JPMorgan do not see a high risk of a recession in the next 12 months, they do believe that there may be some wisdom in investors gradually setting themselves up for the next recession over a period of time, starting in the coming weeks. Moreover, the firm has published an investing playbook with recommended trades, across asset classes, ahead of the next recession. For a summary of this playbook – and why some of the recommended trades this time around are different from typical late-cycle trades – CLICK HERE.