“This is probably the most anticipated recession of all times," economist Edward Yardeni said.
The firm's chief economist said “there's no real reason to be worried about a recession.”
The UBS strategist is recommending investors focus on value stocks, particularly in financials and the energy sector.
Shalett advises choosing companies that can weather higher interest rates.
Kristen Bitterly, the bank's head of capital markets in the Americas, said investors should focus on quality companies.
Investors should own companies that can weather higher rates and market volatility, she said.
After bearish downtrend, Bitcoin last week experienced one of its largest intraday surges in months.
Cohen points to wide gaps in valuations within the stock market.
Valuations are back down to levels more justified by earnings, says the senior investment strategist.