Paul Ma, VP, Lead Portfolio Strategist, joins the show today to explore where we are in the business cycle and see what that means for portfolio construction. June was a volatile month as inflation reaches all-time highs and central banks scramble to cool it by raising their key interest rates. Paul says “do not fear, there is something for you”, and explains today to host Pamela Ritchie that the most important horizon is the strategic long-term horizon. Paul also adds that the 60/40 portfolio has worked out well, and when looking at the business cycle we are into a late cycle, the recession is next and we don’t know exactly when. This discussion was initially presented as a live webcast, with Paul polling and taking questions from the virtual audience.

Recorded on June 27, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_ma_june27.pdf

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