Cash is King | Is cash the best asset for the upcoming recession?

Rising inflation caused the federal reserve to hike the interest rates. Every asset class is in decline in response to the federal rate hike. Economists are predicting some sort of recession in 2023. The reaction of this economy is visible everywhere, from the housing market to the stock market. Should cash be the best asset during this uncertain time? Having cash on the sideline is always a good thing, but how much cash is a good amount? Having cash may give investors the cushion of safety but at the same time, not investing can hinder their wealth growth? So what should the investors do during the upcoming recession?

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