In this episode, portfolio manager Jeremy Podger is back on the program sharing his insights on UK’s positioning in the global recovery from COVID-19. After strong first-quarter earnings in many regions, some investors believe we may have reached a tipping point. Jeremy, who manages Fidelity Global Fund, shares his thoughts on this debate. He also shares his framework for stock selection. He explains it's in three parts: change, value, and franchise. He believes that the fund is currently tilting towards value. He says that there is much supply coming in the green space, and we will see seasoned IPO's offer more secondary supply in the market. Jeremy believes that investing in companies that may not have the highest ESG rating encourages them to make positive changes. He discusses how mega cap stocks continue to soar and discusses the impact of the government-funded stimulus on the economy. Jeremy also discusses the classical relationship between bond yields and sector relative performance.