FidelityConnects

After a week of volatility, US equity and bond markets are on the rebound. Key economic data will be released shortly, including CPI and retail sales. Joining us to unpack the latest market action, and what it may mean for you is Jurrien Timmer, Director of Global Macro. Jurrien speaks with host Pamela Ritchie, and shares his latest thoughts on the Fed, monetary policy, and valuations. Also, what market movers to keep an eye on in the near future. As always Jurrien will be sharing his ever-popular charts, so we encourage you to follow along by watching this as a video podcast on platforms that support video such as Spotify or YouTube Music. You can also see Jurrien’s slides on X, formerly known as Twitter.

Recorded on August 12, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today we check in with Director of Quantitative Market Strategy Denise Chisholm for her sector watch analysis and what recent data is telling us about the broader economy. As the markets find its footing after last week’s global selloff, Denise shares if this was part of a healthy market correction or if it’s a sign that a recession or even possible hard landing is on its way. She says looking at historical data, what you will find is that when there are big spikes in the VIX, especially relative to the increase in credit spreads which run up , but not very much – what you will find is that in the top 2% of all occurrences, even in the top decile, those spikes tend to happen 85% of the time outside of recessions. So, for Denise, this recent sell off was not a typical recessionary signal. Yes, a shock to the market, but based on history, not shocking enough to tip the market into a recession. Denise says the labour market continues to be strong with the participation rate increasing especially those at prime age between 25 and 54 years old. In terms of strong sectors, Denise says financials and health care are showing potential to outperform. Denise says it may be time to lean into those economically sensitive sectors

Recorded on August 8, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

The Bank of Japan raised interest rates last week, causing a rippling affect that rocked global markets. The Japanese Yen surged, and the carry trade began to unravel. Global markets have rebounded since then, but may investors are searching for answers as to what this means for the markets going forward. Could the carry trade continue to unwind? And what could the Federal Reserve’s next move be as they look to cut interest rates next month? We speak to Fidelity Portfolio manager Salim hart to make sense of the latest events and what the Global Intrinsic Value team are positioning their portfolios for the months ahead. Salim recently visited Japan and provides insights into what the Bank of Japan could do next and what opportunities is finding at the moment. He also discusses the newly launched Global Micro-Cap Fund, which taps into the broad and less explored market and what opportunities he’s seeing with newer, less-established companies.

Recorded on August 7, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

The dust is settling somewhat as markets get a handle on a global sell-off this past weekend that saw investors move money out of markets due to worries of a recession in the US, a slump in earnings from giant tech companies, and Japan’s Nikkei seeing its worst drop in almost two decades. To unpack this global market situation is Fidelity’s director of ETFs Andrei Bruno. Andrei sits down with host Pamela Ritchie to discuss how the market could recover and what this all means for investors. Andrei says although the global sell-off is a bit worrisome, generally, market corrections are healthy. He says now is not the time to panic or make any extreme moves. He says now is the perfect time to diversify your portfolio and take advantage of active management where investment professionals can make sense of the chaos. With a wealth of experience in bonds and the capital markets, Andrei says to keep a close eye on fixed income. Perhaps it may be time to add duration to your investment sleeve specifically US bonds. Andrei adds many questions still linger as global markets begin to calm down, he adds this probably won’t be the last of the market volatility we’ll see this year. But a US recession won’t come tomorrow. Stay the course, and focus on diversification.

Recorded on August 6, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today on the show, we check in with two of Fidelity Canada’s equity research analysts Robert Reynolds and Claire Fleming. They share their latest insights into the industrials and materials sector and what they could see happening in the remainder of the year. Bobby and Claire sit down with host Pamela Ritchie and talk about the hit equity markets are taking as of late, and what that could mean for their respective sectors. Bobby reiterates the markets have seen days like this before. He says U.S. industrials have been relatively strong over the last year and half where certain themes like nearshoring could be beneficial. Claire points out materials, like copper, has seen some challenges. But she also says there are some great differences this cycle compared to past cycles where some secular trends can help offset some of those cyclical pressures. Claire and Bobby also touch on Mergers and Acquisitions, the latest earnings report and what a potential rate cut by the Fed could mean for sectors and for consumers.  

Recorded on August 2nd, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

With the Fed’s latest decision to hold rates, but also signaling rate cuts ahead in September, we sit down with Institutional portfolio manager, Ilan Kolet to get his insights into the current inflationary environment, and what it means for the Global Asset Allocation team’s fund positioning. Ilan speaks to host Pamela Ritchie about current US unemployment numbers, productivity, and how the latest data is creating optimism in the markets.  Ilan who previously worked at the Bank of Canada says the BoC’s is not motivated by geopolitics or other macro themes, but rather influenced on monetary policy and not politics. Ilan says the GAA team continues to be overweight US equities, albeit slightly trimmed down. He adds they are also overweight commodities and are invested into EM as they see this area filled with potential growth.

Recorded on August 1, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

As we relax this holiday long weekend it's time to clear our minds and look ahead. On today's podcast we welcome back Jessie Sarafian, host of our Invested in Wellness podcast and webcast, for a standing flow exercise to put our body and mind's in the right space.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today on the show, we welcome institutional portfolio manager Tom Rollins.  Tom works closely with portfolio managers Kyle Weaver and Becky Baker who co-manage Fidelity’s U.S. Growth Opportunities Class fund. We check in with Tom to discuss growth opportunities in AI, in mega-cap stocks, and what investment opportunities are on the minds of both Kyle and Becky. Tom emphasizes the appeal and opportunity within the artificial intelligence landscape noting that we are currently in the build-out phase of AI. Tom says the team is investing in supply chain companies that are supporting this massive buildout. Tom says the fund team looks for companies and stocks that fall into 3 main buckets of the growth landscape: one - mature companies that are growing faster than the market; two - companies demonstrating resilient growth and three, companies that are less mature and are on the tipping point of massive growth. Tom adds macro themes in the market don’t play a big role in the team’s investment decisions; they spend more time focusing on mini-cycles within certain industries and sectors that are timed differently than the overall market. 

Recorded on July 30th 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today, we explore the fixed income landscape with Institutional Portfolio Manager, Beau Coash. Beau discusses AI’s impact on the bond market, market volatility amid political developments, and investment strategies in the corporate environment. With inflation cooling and yields no longer at their peak, Beau notes that the Fed is moving closer to cutting rates, signaling a more normal market environment. He also touches on the emerging opportunities in fixed income, which are supported by positive economic indicators such as consumer spending and easing wage pressure. Beau also highlights the bond markets attractiveness, with U.S. Treasury yields at levels not seen since 2006. He outlines investment strategies that favor maintaining liquidity, and shares his current thoughts on the US dollar’s strength.

Recorded on July 26th, 2024.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.