Today we welcome back Director of Global Macro, Jurrien Timmer. This global macro and markets update was recorded on Monday September 20th, a day that experienced some volatility in the markets. Jurrien dives into why Monday was volatile, and looks at what the major narrative is in the markets right now. Jurrien notes to host Pamela Ritchie the S&P 500 had tested it’s 50-day moving average several times over the past year and every time it survived it to make new highs. Monday September 20th was the first time in a year where it was below the 50-day moving average. Head to @TimmerFidelity on Twitter to follow along with a few charts.

Recorded on September 20, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_timmer_20sept.pdf