2022 has been a rough year for the technology sector; the tech-heavy Nasdaq Composite Index has plunged 27.9% year to date. With rising interest rates and record-setting inflation, a number of large cap companies missed earnings expectations and laid off thousands of employees. Healthcare on the other hand, while down around 2% year to date, has grown faster than the overall economy, and remains attractive to investors. Will the downturn in the tech sector carry over into the new year? And how might healthcare hold up in 2023? Fidelity Equity Research Analysts Max Adelson and Evan Zehnal join host Pamela Ritchie today, to discuss what investors could expect from healthcare and technology in the months ahead both in Canada and worldwide. Max and Evan note that Canadian markets year-to-date have been impacted by changes south of the border, and that many of Canada’s large healthcare companies make their business in the U.S. They’ll also look at how cybersecurity is affecting tech and look at software subscription models, e-commerce trends, and more.

Recorded on November 24, 2022.

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