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Charlotte Harington
Blog 3 min read

Swinging 60s inflation pattern due a comeback

The years between 1964-75, a time of fiscal expansion and low rates, shows why inflation might come back faster than some think.

Charlotte Harington | 7 October 2020

George Efstathopoulos
Blog 2 min read

Chart Room: The resilience of China’s onshore stocks

China’s onshore stocks (A-shares) have outperformed their Hong Kong and overseas listed counterparts, but their valuations are relatively undemanding.

George Efstathopoulos + 3 others | 27 August 2020

Stuart Rumble
Blog 1 min read

Chart Room: A new record high for US stocks, but mind the lopsided valuations

The average European bank capital ratio has never been stronger. This has led to a stark contrast in returns across bank capital structures.

Stuart Rumble + 2 others | 20 August 2020

Stuart Rumble
Blog 1 min read

Chart Room: European banks’ CoCo bonds soar while equities slump

The average European bank capital ratio has never been stronger. This has led to a stark contrast in returns across bank capital structures.

Stuart Rumble + 3 others | 6 August 2020

Tigran Manukyan
Article 3 min read

Using gold to hedge an extreme world

Gold can act as a useful hedge against future financial distress and potential selloffs in risk assets

Tigran Manukyan | 27 July 2020

Tigran Manukyan
Blog 3 min read

Infrastructure: A broad universe with diverse benefits and risks

Real assets and infrastructure can offer stable, inflation-linked returns, relatively high yield and diversification of risk.

Tigran Manukyan + 1 other | 2 July 2020

Andrew McCaffery
Video 3 min watch

CIO Outlook video: Andrew McCaffery on Multi Asset and Alternatives

Tactical allocations to non-US assets such as emerging markets, alongside alternatives and income plays, could help navigate a switch in market regime.

Andrew McCaffery | 19 December 2019

Ian Samson
Blog 2 min read

Fidelity Leading Indicator: Marginal cooling but still positive

The global economy is still expected to grow into 2020, but at a subdued pace

Ian Samson | 9 December 2019

George Efstathopoulos
Blog 3 min read

China stimulus takes aim

We think China's policymakers will focus on more targeted stimulus measures with more localised impact, like this week’s cut to a key policy rate.

George Efstathopoulos | 7 November 2019

Fidelity International
Video 6 min watch

Cool Heads: Bill McQuaker and Charlotte Harington on geopolitical risk

Bill McQuaker and Charlotte Harington discuss the rise of geopolitical uncertainty and what investors can do to combat it.

Fidelity International | 22 October 2019

Ian Samson
Blog 3 min read

FLI: Surprisingly upbeat into Q4

The Fidelity Leading Indicator (FLI) showed firm improvement in September

Ian Samson | 9 October 2019

George Efstathopoulos
Blog 3 min read

Despite macro challenges, pockets of resilience in Chinese corporate earnings

Some bright spots in recent earnings reports suggest interesting opportunities

George Efstathopoulos + 1 other | 4 September 2019

Ian Samson
Blog 2 min read

FLI: An 'uneasy' economic stabilisation ahead

The FLI suggests that even with the impending tariff escalation, we are far from a global recession

Ian Samson | 8 August 2019

Bill McQuaker
Blog 2 min read

Gold glitters amid equity market sell-off, and still has room to run

We expect gold's status as a traditional safe haven will continue to support the price or even drive it higher.

Bill McQuaker | 7 August 2019

Ian Samson
Article 2 min read

GEARs: Lower for (how much) longer?

Our GEARs have slipped back, reversing the improvement seen in the second quarter.

Ian Samson + 1 other | 18 July 2019

Ian Samson
Blog 2 min read

China data improves but nascent recovery could halt further stimulus

Although the latest GDP figures show the worst may be behind us, there is no room for policy complacency.

Ian Samson + 1 other | 15 July 2019

Benjamin Moshinsky
Article 9 min read

Equities, fixed income and multi asset: three different paths to income

Income-focused funds cover all asset classes and are a compromise between risk, yield, predictability and sustainability as well as capital preservation.

Benjamin Moshinsky + 3 others | 4 July 2019

Eugene Philalithis
Article 4 min read

Four trends behind the rise of income investing

We examine some of these and discuss why we think the focus on income will continue to remain a top priority for investors for the foreseeable future.

Eugene Philalithis + 1 other | 4 July 2019

Bill McQuaker
Blog 2 min read

Central banks keep the show on the road, for now

Equity and bond markets don’t agree on what we should expect for the second half of the year. How should investors position in light of these mixed signals?

Bill McQuaker | 26 June 2019

Ayesha Akbar
Blog 2 min read

How to spot red flags when selecting managers

On the multi-asset team, we adhere to some key rules that help mitigate the risks of investing in actively managed funds.

Ayesha Akbar | 12 June 2019

Ian Samson
Blog 2 min read

Fidelity Leading Indicator: Stronger data indicate a recovery

Improvement in global growth has been reassuringly broad-based

Ian Samson + 1 other | 10 June 2019

Bill McQuaker
Blog 2 min read

Renewed trade tensions buck the rally

Policy action is now driving market sentiment

Bill McQuaker | 30 May 2019

Eugene Philalithis
Blog 2 min read

US treasuries still attractive despite risk rally

In an uncertain world, US treasuries offer the dual benefits of defensiveness and diversification.

Eugene Philalithis | 23 May 2019

Ian Samson
Blog 1 min read

Fidelity Leading Indicator: Green shoots versus trade war shots

Fidelity Leading Indicator: Green shoots versus trade war shots

Ian Samson + 1 other | 8 May 2019

Ian Samson
Blog 2 min read

Amid China’s grab bag of economic data, surging credit growth will do the real work

A closer look at China’s first quarter GDP data reveals some mixed messages about the country’s economic performance.

Ian Samson | 18 April 2019

Ian Samson
Blog 1 min read

Fidelity Leading Indicator: A sign of life?

Our leading indicator is at a crossroads

Ian Samson + 1 other | 11 April 2019

Bill McQuaker
Blog 2 min read

For things to get better, they may have to get worse

The market rally continues. But after a decade of QE, is there a limit to how long markets will respond positively to the same old policies?

Bill McQuaker | 25 March 2019

Ian Samson
Blog 1 min read

Emerging market GEARs outperform sluggish Europe and Japan

Global GEARs suggest stability over the past two months, after a volatile end to 2018.

Ian Samson + 1 other | 18 March 2019

Ian Samson
Blog 2 min read

Fidelity Leading Indicator: Red lights, not green shoots

Signs of more dovish central banks may have got markets more excited, but our FLI has not moved.

Ian Samson + 1 other | 11 March 2019

Anna Stupnytska
Blog 2 min read

ECB startles with dovish move

The central bank kept rates on hold and unveiled new cheap funding measures to boost the faltering Eurozone economy.

Anna Stupnytska | 7 March 2019

George Efstathopoulos
Blog 5 min read

What does the US-China trade-talk extension mean for investors?

While headlines suggest that the US and China are inching closer to a deal, it’s clear that there are still a range of questions that need to be addressed.

George Efstathopoulos + 1 other | 4 March 2019

Ian Samson
Blog 3 min read

Fidelity Leading Indicator: deeper drop, with no sector spared

The FLI Cycle Tracker plunged deeper into the bottom-left quadrant indicating growth below-trend and decelerating

Ian Samson | 7 February 2019

Ian Samson
Blog 2 min read

Stuck in low GEAR

Absolute GEAR levels do not make for particularly pleasant reading. The DM average is hovering around its lowest since mid-2016.

Ian Samson | 24 January 2019

Eugene Philalithis
Blog 2 min read

Income and yield are not the same thing

Although higher rates imply higher income generation as yields rise, we have not seen income from coupons keep up with the rise in rates.

Eugene Philalithis | 17 January 2019

Bill McQuaker
Blog 3 min read

A troubled marriage to tech

Investors are married to the tech story whether they like it or not

Bill McQuaker + 1 other | 16 January 2019

Anna Stupnytska
Article 10 min read

Choose your own adventure: China’s economic destiny

What does it mean for the rest of the world if in a decade's time China becomes the preeminent economic superpower, or gets stuck in the middle-income trap?

Anna Stupnytska + 4 others | 11 January 2019

George Efstathopoulos
Blog 4 min read

2019 China Outlook- Time to enter the tiger’s den?

We explore the opportunities in China equities and fixed income in 2019.

George Efstathopoulos + 3 others | 10 January 2019

Ian Samson
Blog 2 min read

Fidelity Leading Indicator: FLIrting with disaster?

Perhaps ‘disaster’ is too strong a word to describe January’s Fidelity Leading Indicator (FLI) reading, but it is the worst result since 2012.

Ian Samson | 9 January 2019

Ian Samson
Article 2 min read

China and emerging market GEARs deteriorate in December

Emerging market economic indicators deteriorate in December

Ian Samson | 19 December 2018

Anna Stupnytska
Blog 2 min read

Price moderation is an encouraging sign in the global housing market

Price moderation in some overvalued housing markets is an encouraging sign, as it is due mostly to supply-side policy measures rather than weakness in demand.

Anna Stupnytska | 13 December 2018

Ian Samson
Blog 3 min read

Fidelity Leading Indicator: Deceleration after frontloading on US tariff worries

Our proprietary Fidelity Leading Indicator (FLI) now shows a deceleration trend, in contrast with the tentative stabilisation we had seen previously.

Ian Samson | 11 December 2018

Ian Samson
Blog 2 min read

All eyes on Buenos Aires for make-or-break G20 summit

The odds of a truce or no deal at the G20 are balanced.

Ian Samson | 30 November 2018

Ian Samson
Blog 3 min read

EM Outlook: It’s been a long time coming, but a change is going to come

Risks remain to the downside for emerging markets due to China’s slowing growth and toughening global conditions.

Ian Samson | 28 November 2018

James Bateman
Article 3 min read

Multi Asset Outlook 2019: Complacency on inflation stalks markets

Fidelity International's multi asset outlook for 2019 examines the risk of a shock to markets from higher-than-expected inflation.

James Bateman | 26 November 2018

Ian Samson
Blog 2 min read

Eurozone, China GEARs show deterioration in November

US GEAR continues its strong run, even as China is at its weakest since April 2015 while the UK is at its lowest level since the referendum result.

Ian Samson + 1 other | 20 November 2018

Romain Boscher
Article 8 min read

CIO views: The correction that averted a capitulation

Recent market volatility shook investors' confidence, with many questioning if the end of cycle was near. Our CIOs give their views.

Romain Boscher + 2 others | 19 November 2018

Ian Samson
Blog 3 min read

Fidelity Leading Indicator - hit by 'front-loading'?

Our FLI is still in the growth below trend and decelerating quadrant. We still have to assess the impact of 'front-loading' on any nascent positivity.

Ian Samson + 1 other | 9 November 2018

Anna Stupnytska
Blog 5 min read

What to expect from the US midterm elections: Macroeconomic and market implications

Fidelity's cross-asset scenario analysis on potential outcomes from the US midterm elections assesses the macroeconomic and market implications.

Anna Stupnytska + 1 other | 1 November 2018

Ian Samson
Blog 2 min read

Emerging market GEARs weaken further in September

Our macro indicator shows emerging markets are under pressure

Ian Samson + 1 other | 17 October 2018

Ian Samson
Blog 1 min read

GEAR levels show exuberant US economy

Recent economic data show an exuberant US economy, stabilisation in emerging markets and only a slight tick-down in Europe.

Ian Samson + 1 other | 25 September 2018

Ian Samson
Blog 2 min read

Fidelity Leading Indicator: the trough isn’t here, but could be getting near

Our proprietary Fidelity Leading Indicator has now registered six straight months in the ‘growth negative and decelerating’ quadrant of its Cycle Tracker.

Ian Samson | 12 September 2018

Anna Stupnytska
Article 3 min read

Global growth: running out of steam

Global growth, which has been led by the US, is losing momentum, while China is also cooling.

Anna Stupnytska | 3 September 2018

Bill McQuaker
Blog 3 min read

Grit in the machine: Assessing the US-China trade war impact for investors

There are two ways the US-China trade war situation could play out for investors, depending on US policymakers’ motives for the current action.

Bill McQuaker | 8 August 2018

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