Today on the program, we’re joined by Fidelity Director of Quantitative Market Strategy Denise Chisholm. Denise takes us through the indicators investors should be paying attention to right now, including real wage growth, a potential turnaround in the housing market, and the importance of understanding the Fed's actions in relation to potential problems or risks arising in the banking sector. Denise also touches upon the substantial positive change real wage growth has experienced recently, which may indicate a more sustainable market cycle, and even a reduced recession risk. She is also seeing signs of improvement in the housing market, with housing starts and sales improving, suggesting an uptick in real GDP growth. Denise speaks about inflation, highlighting that while it remains a concern, the rate of deceleration is an important indicator to watch out for. Overall, Denise believes the market has potential for further cyclical outperformance and is cautiously optimistic about its trajectory.

Recorded on July 20, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.