Jurrien Timmer, Director of Global Macro, guides us on what we might see ahead by sharing his perspectives on past analogs, and how they could change your portfolio positionings moving forward. Jurrien shares his findings on secular bull markets. Follow along with slides on Jurrien’s Twitter page: @TimmerFidelity. Jurrien notes that secular bull markets last about 18 years on average, so that means we have 4 or 5 years left currently. Looking at the U.S. dollar, Jurrien explains it is a bit of a crowded trade. Right now the dollar is being bid up because financial conditions are tightening, and at some point the Federal Reserve will probably convince the market they will stay accommodative, with inflation fears being ‘the boy that cried wolf’ many times.
Recorded on March 29, 2021.