Fed Chair Jerome Powell recently signalled a slowdown in the pace of interest rate hikes as soon as this month. Have we officially reached peak inflation? And what are the implications? We’re joined by portfolio manager Patrice Quirion today to discuss global equities and where he is allocating geographically as we enter 2023. For Canadian investors, Patrice manages Fidelity Global Concentrated Equity Fund and Fidelity International Concentrated Equity Fund as well as private pool strategies. Today, with host Pamela Ritchie, Patrice explains how he takes a very contrarian approach to managing his portfolios. This means that he enters parts of the market that have been out of favour, where the market likely overreacted to the downside from perceived risk, or just trends going the wrong way. For the past few years, it meant being more exposed to the financials sector, as well as more geographical exposure to Europe and to China at the detriment of large underweights in the U.S. Also, reflecting on the U.S., Patrice believes the U.S. dollar's strong performance has peaked.

Recorded on December 1, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-quirion-dec1-22.pdf

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