The odds of a recession coming are increasing. Should you sell all your equities now in order to buy lower later?

Though I feel there will still be coming a heavier blow to the markets, when the U.S. cases finally rise exponentially, it would be a wrong strategy to do major sells since after reaching the peak, the positive rebound could come abruptly.

Make sure though that your stock companies were the right longterm choice. ETFs are better diversifies.

And still nobody knows the future, maybe everything goes rather smoothly and only the media and other multipliers arouse our 'catastrophic thinking' reflexes (acknowledging of course the sorrowful current deaths).

But even alm 'experts' from infectiology, epidemiology and economy at this point are not able to predict even the near future confronted with this new entity...

It is not necessary to sell all equities and buy them at a lower price later when there is a recession. Look at Warren Buffet. Most of his major stocks are held over the years, overcoming several recession.

It is important to ask yourself why you own those stocks in the first place. Do they still have the same business fundamentals despite the recession? If yes, it is safe to say that they are still good and stable businesses, just that the price is depressed due to market condition. It could even be an opportunity to average down.