Jurrien Timmer, Director of Global Macro, joins us again on today’s podcast. The U.S. Federal Reserve has been working hard the last year to tame inflationary pressures while avoiding a recession; a term known as a “soft landing.” Now, after one year of seven consecutive rate hikes, and six straight months of cooling inflation, are the dreams of a soft landing close to reality? And has a soft landing already been priced into the markets? Jurrien Timmer unpacks all of this and more today, with host Pamela Ritchie. Per usual Jurrien’s views will be supported by his in-demand charts, so please head to @TimmerFidelity on Twitter to follow along.

Recorded on January 18, 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.

Director of Quantitative Market Strategy Denise Chisholm is back on the program sharing her insights and thoughts on what factors are driving the markets and what economic indicators she’s keeping an eye on. Denise says inflation will still be an important topic this year and adds that investors need to be open-minded and that maybe all bad news about inflation is more likely in the rearview for the markets rather than staring us in the face. Denise says she’s finding relative valuation as an important predictor of what works within equities and actually equities overall relative to bonds. She adds parts of the market are deeply overvalued like software and tech, but as an investor, you aggregate those things together with areas of the market that are deeply discounted. She lists the top three sectors as materials and consumer discretionary, financials, and industrials and the bottom three, is consumer staples and utilities, real estate, and tech.

Recorded on January 17, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-chisholm-jan17-22.pdf

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.

Today on the show, Matt Siddle, portfolio manager of Fidelity Europe Fund, joins us to discuss the latest market movements in Europe, and where he is finding opportunities in 2023. Matt provides an outlook on the overall European Economy and how he’s positioning his fund based on the latest movements. He says one key item he’s keeping an eye on is natural gas. He says the tailwinds and issues of 2022 are gone as governments are now sourcing gas from other places, however; even with the rise in optimism, he says the economic environment in Europe will be tough in the next six to twelve months. Matt says the mood in Europe has improved, but data indicates the economy is starting to slow - data, job numbers and temporary staffing roles have contributed to the slowing economy. For him, he’s optimistic about the medium outlook for the next three years view however the next six months will be tough. For opportunities right now, Matt is focusing on businesses that are less volatile, less cyclically at risk and have cheap valuations.

Recorded on January 13, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-siddle-jan13-23.pdf

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.

Lunar New Year kicks off this weekend for a week-long celebration, and for the first time in nearly three years, mainland China is opening its borders to Hong Kong, allowing loved ones to celebrate together. This move comes following the Chinese government’s pivot last month, announcing they would be rolling back their covid-zero policies, despite rising covid numbers. So. as the world’s second-largest economy begins to re-open, how optimistic should investors be? Fidelity Investment Director Catherine Yeung, who is based in Hong Kong but joins us today from London, speaks with host Pamela Ritchie to discuss what the year of the rabbit could have instore for investors and the markets. Also today Catherine looks at valuations, interest rates impact on the value vs. growth debate for Chinese stocks, Chinese travel both domestic and international, and the reopening trade. This includes reflecting on current status of covid in China, with Catherine also noting the differences between urban and rural settings where access to aide is different.

Recorded on January 13, 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.

Today we welcome Andrew Marchese, Chief Investment Officer and Portfolio Manager at Fidelity Canada. Andrew provides his outlook and insights into the market landscape for 2023. He says the big story last year was rising inflation. For 2023, the story will be the manifestation of inflation. He adds that 2023 will be all about homework. He explains that now is the time to do your research on a micro level. If the homework is done properly, we’ll be ready for a new economic cycle. Andrew says the market will ebb and flow this year and even though headlines will sound bad, there are always opportunities if you look hard enough. Andrew says he’s looking out on a multi-year horizon rather than what will happen in the next three to six months.

Recorded on January 12, 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.

We’re bringing you a special episode of FidelityConnects today, welcoming back Jessie Sarafian, host of our "Invested in Wellness" podcast and live webcast series. The start of a new year is an ideal time to reflect on your future aspirations and goals for the year. Today Jessie will lead us through a manifestation meditation to clear our minds and prepare for the year ahead. For more from Jessie, subscribe to her podcast “Invested in Wellness” or tune in to her live webcast on Mondays at 12:30 pm eastern. Fidelity.ca/TheUpside for more information.

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.

Joining us today to discuss how he sees the technology sector panning out in 2023 is HyunHo Sohn, Portfolio Manager of Fidelity Technology Innovators Fund. In December 2022, HyunHo was named Mutual Fund Manager of the Year by Investment Executive magazine. It was a turbulent year for the tech sector in 2022. Soaring inflation, higher interest rates, and fears of a recession daunted consumers and investors, leading to mass layoffs within large-cap companies, and a market downturn that saw the Nasdaq 100 finish 32% lower on the year. Should investors be more optimistic about a tech bounce back in 2023, and what are some of the macro stories that could help or hinder tech this year? HyunHo answers these questions and more today with host Pamela Ritchie. HyunHo also comments on tech valuations, noting valuations are attractive right now, and his decisions are driven by focusing on company fundamentals with a long-term view. Also, how much are these valuations and fundamentals being controlled by macro variables. A few other topics touched on today include cybersecurity, mergers and acquisitions, and e-commerce trends.

Recorded on January 12, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-sohn-jan12-23.pdf

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.

We’re joined today by Joe Overdevest, Director of Research and Portfolio Manager, for a look at the Canadian market across sectors, and how rising rates could impact the markets this year. Central bankers from around the world gathered in Sweden this week to discuss the health of the global economy, including a focus on climate change and the green transition. Investors are looking ahead to the next Federal Reserve interest rate decision on February 1, and wondering what moves are next. Investors are also pondering what big themes to look out for in 2023, which Joe unpacks today with host Bryan Borzykowski. Joe also shares his thoughts on where he sees energy going this year, housing and mortgages, and earnings expectations for 2023, and will detail which conferences the Fidelity portfolio managers and research analysts have been attending lately.

Recorded on January 10, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-overdevest-jan10-23.pdf

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.

Early January’s jobs data out of the U.S. showed a smaller-than-expected increase in wage growth and a soft reading on service-sector activity for the month of December. The data came just days after the release of December’s FOMC minutes, which highlighted that the Fed is on track to keep rates high. But just how high will policy interest rates have to go? How is Fidelity’s Global Asset Allocation team responding to the current economic and monetary policy environment within their multi-asset class funds? To offer his insights on all this and more, we’re joined by Ilan Kolet, Institutional Portfolio Manager. Ilan notes that wage growth remains exceptionally robust in Canada and the U.S. – which leads to higher prices for goods and services passed on to the consumer. They also discuss inflation’s effect on the traditional 60/40 portfolio, with Ilan drawing comparisons between 2022 and the 1970s environment. He shares that commodities do well in the presence of elevated inflation. The Fidelity Inflation-Focused Fund was positioned in commodities throughout 2022. On the topic of positioning, we’ll also get an update from Ilan on the Fidelity Managed Portfolios, which includes some defensive positioning currently. Another key takeaway is Ilan noting that 2023 is an important year to closely follow Central Bank communication. More on this and more coming up.

Recorded on January 9, 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.

Joining us today for a look at the global markets is Jurrien Timmer, Director of Global Macro. Today with host Pamela Ritchie, Jurrien touches upon many topics including currency issues, China’s potential reopening, and how emerging markets will fare this year. Jurrien explains the importance of not getting caught up in the short-term moves in the market because ultimately it comes down to earnings and liquidity. He says his sense is that 2023 will be a year of frustration both for the bulls and the bears. He also adds that emerging markets may be the rising star this year led by China’s reopening after a zero-COVID policy environment. Per usual Jurrien will be sharing his charts so please head to @TimmerFidelity on Twitter to follow along.

Recorded on January 9, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-timmer-jan09.pdf

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.