Investment Research Update - First Quarter 2024
Fidelity's Director of Quantitative Market Research Denise Chisholm offers data-driven views of the markets, equity sectors, and other investment building blocks, such as factors and thematic strategies.
Relative valuations provided a higher margin of safety for several cyclically oriented sectors, including materials, industrials, and financials. Also, lower rates and high valuation spreads suggested potentially attractive risk-reward for the real estate sector. Conversely, defensive characteristics could hold back communication services and utilities.
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