FidelityConnects

Finding an edge with data - Ramona Persaud

May 22, 2020

Portfolio manager Ramona Persaud divides the last four months into three phases. The first phase - before we knew there was a crisis - started back in January when, through the extensive research of Fidelity’s analysts, she was able to sense the possibility of a global pandemic before it developed fully. During the second phase, which Ramona calls the “re-risk” period, it was an incredible time to be an investor. It was a time to “go hard” and buy as much cyclicality as a portfolio could handle, because valuations were on an investor’s side. The third phase, which we are currently making our way through, is a rapid rerating, a tug of war between a great bull case and a great bear case. Phases three returns us to a market that oscillates between hope and fear. Contending with rolling dislocations, investors must be nimble so as not to miss buying or selling opportunities.

Recorded on May 14, 2020.

Play this podcast on Podbean App