Our Fidelity expert panel provides an in-depth analysis of the information technology, health care, consumer staples and utilities sectors. Director of Research and portfolio manager Joe Overdevest leads the discussion, along with equity research analysts Claire Fleming and Max Adelson. Joe, Claire and Max discuss the current market environment and address which sectors they think have more room to run. Joe still believes in a “K-shaped” recovery; it isn’t a textbook recovery, and entertainment, transportation and restaurants are all facing major headwinds. As trends change, he thinks the last 10–20% of the economy may be slow to come back, from a behaviour perspective, and we may not see things go back to the same as they were 12 months ago. Joe is leaning on Fidelity’s investment process to find potential winners in this market and notes that proprietary research is being done on credit card data and on tech spending by major banks.

Recorded on September 11, 2020.