Second Quarter 2024 Investment Research Update
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.
Investors continue to embrace cyclical stocks.
Potential for an earnings recovery and the long-term fundamental picture favored information technology. Consumer discretionary showed constructive contrarian indicators. Relative valuations favored financials. Conversely, earnings growth for consumer staplers seemed likely to lag in a broader recovery. Looking ahead, the defensive characteristics of utilities could hinder its performance.
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