FidelityConnects

Jurrien Timmer’s market outlook - July 13, 2020

July 18, 2020

In his weekly market update, Jurrien Timmer, Director of Global Macro, explores factors influencing market expectations and reactions. Jurrien explains that the S&P 500 Index has retraced about 87% of the decline – but if you were to price the S&P 500 Index in gold, it would have retraced only about 30% of the decline. Also, Jurrien believes that if the S&P 500 Index reaches new recovery highs, it is extremely important that those new highs be met with broader market participation. Otherwise, a large divergence can occur, which in the past has marked the end of market upswings. If we are in the cyclical bull market Jurrien thinks it is, market participation is one of the most important aspects. Follow Jurrien on LinkedIn or @TimmerFidelity on Twitter for his detailed research reports and charts.

Recorded on July 13, 2020.