Jurrien Timmer’s global macro view - June 20, 2022

June 25, 2022

Markets continue to be mixed as central banks grow more hawkish and investors worry over economic growth. Today with Jurrien Timmer, Director of Global Macro, we look at what is on the horizon and pose the question if we are officially in bear market territory? And if so, what does that mean for valuations, earnings, and your portfolio? Jurrien notes today that during inflationary periods, earnings tend to hold up because companies are selling into the nominal economy, not the real economy. Also, reflecting on secular market trends, Jurrien shares that cyclical markets can last 15-20 years, and currently, we are 13 years into a secular bull market. Per usual Jurrien shares some slides so head to @TimmerFidelity on Twitter to follow along.

Recorded on June 20, 2022.

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