Jurrien Timmer, Director of Global Macro, joins us again for his weekly global macro update. Jurrien reiterates that the current economic focus is on – apart from new COVID-19 cases – the upcoming earnings season. Reflecting on the market volatility seen in the last quarter, Jurrien observes that for active investment managers like Fidelity, there were lots of opportunities created. During this period, strong-performing and low-performing companies alike were discounted, which means there were lots of buying opportunities, especially for value managers.
Recorded on April 14, 2020.