Jurrien Timmer, Director of Global Macro, Fidelity Investments met with Julie Cooling, Founder & CEO, RIA Channel to discuss his 2020 macroeconomic views.
“The markets are at a crossroads,” says Timmer on late cycle volatility. While U.S. equities continue to soar, questions surrounding trade wars, deglobalization and the anticipation of lowering rates bring tremendous uncertainty.
“It is no time to be a hero,” Timmer warns of big asset allocation bets. Ultimately, Timmer suggests investors be patient and stick close to the benchmark, until the next opportunity comes along. For the considerable future, Timmer still sees U.S. large cap growth stocks as long term winners, but also notes the possibility of big returns in emerging markets.
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