After weeks of negotiations, and with just two days to spare, President Biden has averted a first-ever U.S. default. The debt ceiling bill has been signed. So with the bill now passed, what does this mean for the Treasury? And how could it all ultimately affect the Fed and market trajectory? Jurrien Timmer, Director of Global Macro, is back with us today to unpack the recent market moves and help us understand what’s happening beyond the headlines. And per usual, Jurrien will do this with his popular charts. You can follow along using @TimmerFidelity on Twitter. Jurrien shares his views on the debt ceiling bill, and explains to host Pamela Ritchie that Treasury drawdowns over recent weeks mean that they will be looking to replenish between $600-700 billion. Also, looking at the potential direction of markets, Jurrien notes that markets have mostly been sideways for 1 year now, and that COVID has thrown off a lot of the key indicators and signals traditionally used to predict the direction of markets. What’s next? Stay tuned.

Recorded on June 5, 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.