On today’s show we are joined by Fidelity ETF expert Étienne Joncas-Bouchard. He discusses various factors that he believes could be favourable in the current market environment and updates us on Fidelity all-in-one ETFs. Étienne discusses how value has a chance of doing well this year, but it’s not a guarantee. It will depend on many upcoming factors including getting fewer cuts than expected, the labour market remaining strong, large growth names continuing to work through challenging environments and more. He explains it ultimately relies on the macro standpoint; if the rates are going up while there is less sensitivity to the change in the discount rate. With that, your net present flows become worth more than companies that are discounting in the far future.  Étienne also dives into the world of cryptocurrency, specifically how the SEC in America has given their approval of spot Bitcoin ETFs. This means that Canadian Bitcoin ETFs will lose a portion of its demand from American investors, and their prices will also decrease given the aggressive fee structure and increase in overall volume. 

Recorded on January 12, 2024

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