Jurrien Timmer’s global macro view – January 8, 2024

As investors enter a brand new year, Fidelity Director of Global Macro Jurrien Timmer discusses what trends, topics, and headwinds he believes will move the markets in the weeks and months ahead in 2024. The inflation storyline continues to be the dominant headline. Will the Fed cut rates this year? Will it be possible to get back to 2% inflation? Jurrien says 3% could be the new 2%. He says getting back to two percent will be a challenge and it might require a period of negative inflation if we actually want to get back to two. Jurrien says we could be in for a bullish, broadening market. He points out the S&P 500 Equal Weighted Index is the most useful and interesting thing to be looking at right now. Jurrien also touches on Bitcoin and gold, tech stocks versus value and the impact of this year’s upcoming US election.

Recorded on January 8, 2024.

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