Sector strategist Denise Chisholm shares her insights into the economic outlook for the rest of the year and touches on the disconnect between valuations and earnings.  Denise shares what she thinks about the valuations of stocks at the moment.  She points out valuations are down 40 percent from the peak in 2009 and down 10 to 15 percent year over year. She says valuations shouldn’t be a critical driver for investors because historical data shows, more likely than not, that earnings are not always right. Other topics she tackles, the Federal reserve reducing bond purchases, what sectors she is keeping an eye on, and CPI and inflation expectations.

Recorded on September 13, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_chisholm_13sept.pdf