Director of Global Macro, Jurrien Timmer is back on the program to provide his thoughts and insights on the markets.  Jurrien discusses a variety of topics including the Fed and its stance on rate hikes, how reported earnings are affecting the markets, and what he thinks about a market correction and possible recession. Jurrien believes 2023 will be a base-building year, a trading range year where everyone will have frustrations. He says the Fed is sticking to its guns and is adamant about getting properly restrictive in order for inflation to come down specifically to 2.5%. So the question is whether the interest rate of 5% is peak for the Fed or will that number go higher. Jurrien also unpacks the topic of commodities, meme stocks, and overall liquidity.

Recorded on February 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.