‘A recession over the next 12 months is not in our base case’: Stocks were battered on Friday. Why smart investors focus on the long game

The stock market ended a volatile week on a gloomy note on Friday, with the three major U.S. indexes plunging as investors were gripped by worries like inflation, the Fed’s fight against it and fears of a landing brutal in recession. As confidence also took a hit, financial experts advised investors not to panic but…