Jurrien Timmer’s global macro view – June 12, 2023

With the Federal reserve expected to put a pause in rate hikes this week and the markets seemingly moving along, we check in with Director of Global Macro Jurrien Timmer. He unpacks the recent market moves and helps us understand what’s happening beyond the headlines. And per usual, Jurrien will do this with his popular charts. You can follow along using @TimmerFidelity on Twitter. Jurrien shares his views on the markets commenting that the US economy has proven to be quite resilient and seems to have become less interest rate sensitive. In terms of a recession, Jurrien says it has been rescheduled for the time being. And he shares his thoughts on a bull market. He says not quite - there are still three things he needs to see in order to call a bull market - a path to an earnings recovery, a path to the end of the rate cycle, and better market breadth.

Recorded on June 12, 2023.

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