A recession may be coming, but markets aren't worried because a downturn would solve 3 big problems weighing on stocks

• A recession could be coming, but markets don't appear to be that worried. 
• That's because a downturn could resolve three big issues that have weighed on stock market. 
• "Markets see a recession as a 'feature, not a bug,'" DataTrek's Nicholas Colas said.

Markets are behaving as if they're unfazed by the risk a recession could be on the horizon, and that's because a downturn would potentially solve a handful problems that are weighing on stocks, according to DataTrek.

In a note on Friday, the research firm pointed to the growing risk of recession over the past year amid higher interest rates and a credit crunch stemming from March's bank failures. 

But markets have been buoyant in the face of those risks, DataTrek co-founder Nicholas Colas said, and a recession could remedy the "three most intractable problems" in markets that were spawned by the pandemic: