Third-quarter capital markets playbook and global sell-off reaction – Andrei Bruno

The dust is settling somewhat as markets get a handle on a global sell-off this past weekend that saw investors move money out of markets due to worries of a recession in the US, a slump in earnings from giant tech companies, and Japan’s Nikkei seeing its worst drop in almost two decades. To unpack this global market situation is Fidelity’s director of ETFs Andrei Bruno. Andrei sits down with host Pamela Ritchie to discuss how the market could recover and what this all means for investors. Andrei says although the global sell-off is a bit worrisome, generally, market corrections are healthy. He says now is not the time to panic or make any extreme moves. He says now is the perfect time to diversify your portfolio and take advantage of active management where investment professionals can make sense of the chaos. With a wealth of experience in bonds and the capital markets, Andrei says to keep a close eye on fixed income. Perhaps it may be time to add duration to your investment sleeve specifically US bonds. Andrei adds many questions still linger as global markets begin to calm down, he adds this probably won’t be the last of the market volatility we’ll see this year. But a US recession won’t come tomorrow. Stay the course, and focus on diversification.

Recorded on August 6, 2024.

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