I was on LinkedIn and came across this post from PIMCO. It summarizes how their asset allocation will be altered, given the expected economic slowdown in the United States. Essentially, in times like this, they value higher quality securities and a more defensive position. Here is the link to the post:
https://www.linkedin.com/posts/pimco_investing-markets-recession-activity-6605108132886786048-qxz7
