FidelityConnects

Sector analyst round table: From industrials to financial services - Joe Overdevest, Nicolas Bellemare and Andrew Hall

November 16, 2020

Our Fidelity expert panel reflects on the current market environment, and provides an in-depth analysis of the industrials and financial services sectors. Director of research and portfolio manager Joe Overdevest leads the discussion, along with equity research analysts Nicolas Bellemare and Andrew Hall. Reflecting on recent market activity, Joe explains we are seeing historically high levels of fiscal and monetary stimulus in Canada and around the world. Markets were trending on anticipations of a blue sweep in the U.S., and had priced in a Democratic win for both the presidency and the Senate. Joe notes that markets tend to do better, however, when Republicans hold the Senate and the government is split. Value stocks had been gaining traction while tech companies stumbled, but once the Democratic presidential win was confirmed, this reversed, with tech trending back upward and value stocks declining.

Recorded on November 10, 2020.