Forward Guidance

Where Are We In The Bull Market? | Jurrien Timmer

43 snips
Oct 29, 2024
Jurrien Timmer, Director of Macro at Fidelity Investments, shares his insights on the current bull market's dynamics. He discusses how earnings and valuations are interplaying amidst rising interest rates. Timmer also analyzes the risks associated with U.S. debt levels and potential inflation reacceleration. He highlights the unique traits of today’s market compared to historical trends and explores alternative investments like gold and Bitcoin as protection strategies. Tune in for a captivating take on what lies ahead for investors!
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INSIGHT

Unique Bull Market

  • This bull market, starting October 13, 2022, is unique.
  • It's the opposite of typical cycles, beginning with blue chips instead of broader participation.
INSIGHT

Bull Market Amidst Rate Hikes

  • This bull market has occurred during a rapid rate hiking cycle, similar to the 1960s and 1990s.
  • This bear market was driven by valuation declines, not falling earnings.
INSIGHT

Rate Hike Effectiveness

  • Rate hikes might be less effective due to long-term debt and fixed mortgages.
  • Banks, especially mega-banks, maintain high net interest margins despite rate changes.
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