Director of Global Macro, Jurrien Timmer, touches on inflation, the global money supply, geopolitical tensions, and value prospects in this episode. Commencing with inflation, Jurrien notes that CPI came in as expected, year over year at 6.8% and that the market is moving beyond that - believing that the bond market is reflecting that the worst is behind us. Jurrien adds that the U.S Federal Reserve is likely to announce this week that they are going to turbo taper in March 2022 instead of June 2022. In terms of political tensions and possible effects on supply chains, Jurrien explains to host Pamela Ritchie that geopolitical tensions are not a good thing for markets, but believes that the current Russia and Ukraine tensions are not going to be market moving . He also adds it’s important to distinguish if a tension is systemic. Jurrien will be sharing a few charts so please head to @TimmerFidelity on Twitter to follow along.

Recorded on December 13, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_fidelityconnects_timmer_globalmacro_13dec.pdf