Long-time bear David Rosenberg explains why a recession is still coming — and names 7 investments that can save investors from the pain

• Economist David Rosenberg’s recession call hasn’t materialized, even as growth slowed in 2022.
• Rosenberg underestimated the strength of the labor market and consumers’ propensity to spend.
• Here are seven ways that nervous investors can get defensive ahead of a downturn.

The current consensus among leading market strategists and Federal Reserve officials is that a recession is increasingly unlikely. But a handful of dissenters are still denying that upbeat thesis.