During a downturn with rate hikes, a possible sovereign debt crisis and commodities/inflation possibly moving higher, look at high yield treasury bonds
max out series i bonds - $10k per person or company - 9.62% yield atm - state tax exempt
if you have a lot of extra cash and no debt or low interest fixed rate debt, then park it in a no penalty CD, savebetter is paying 3% CD atm, no penalty, withrdaw anytime then park the rest in 2-2.5% savings accounts atm
"Don't Fight The Fed"
If the fed is trying to actively cool down the economy by raising the interbank lending rate, this increases the price of capital for all companies. This also incentivizes people to not invest in companies - if they can get a "Risk Free" return from treasury bills of 4.5% today why would they invest with a 100% risk asset.
So no, forget 'recession' instead change your question to 'whats the best investing strategy to have during a period of monetary tightening' - and that is, in general, to not be investing until you think the period is over. Good luck with that one.
It depends. Countercyclical assets are a common strategy. Sometimes called "guns and butter." Utilities, some bonds, bulk food production, etc.
The best strategy to invest (with the goal to make money) at any period in economic cycles is have more accurate information than other people.
If you are worried about economic outlook, instead of investing money into financial instruments, invest time and some money into increasing your own personal value by learning new skills.
as far as investments like stocks or bonds... i am largely sitting in cash since the invasion of ukraine. when things get bad enough (and the fed pivots) then i will buy stocks.
or you could just DCA if predicting macro trends isn't a fun filled activity for you (it is a hobby of mine).
One here from Monger, dont sweat the link bait headline: https://www.youtube.com/watch?v=v5UCmsXpngA
There are a number of factors in play currently that go beyond the normal boom/bust business cycle.
Short it directly, or buy a short ETF, or buy put options