Markets expert Tom Stevenson discusses geopolitical changes and what recovery looks like from across the pond. Tom is an Investment Director at Fidelity International, and shares his in-depth analysis of current investment trends and themes. Tom notes that pre-pandemic, there was a focus on trade and interest rates. Right now, the pandemic has redirected the focus and accelerated other trends that we were beginning to see, for example, working from home and a shift in retail from bricks-and-mortar to online. However, he thinks that in a post-pandemic world, the focus could return to where it was before. Looking at geopolitical events, Tom notes that three things come to mind: that COVID-19 moved around the world quickly, and Europe is in a better position right now, while the U.S. still seems to be facing challenges in containing the virus. Tensions have intensified over the past week in the relationship between the U.S. and China. Also, we are beginning to get a sense of how the lockdown has impacted the economy.

Recorded on July 24, 2020.