Fidelity Sees a Return to Bear-Market Lows

<p>The US Federal Reserve’s commitment to higher interest rates and the potential for a recession in 2023 will combine to damage corporate earnings—damage that likely will cause the stock market to revisit its bear-market lows, warns Jurrien Timmer, director of global macro at Fidelity Investments.  <br><br>Timmer joined the <em>What Goes Up</em> podcast to discuss his outlook for the year, and explain why he thinks bonds will resume their role as a source of protection for investors in balanced portfolios. His take on stocks? This year “is going be kind of a choppy, sideways market where we’re going to revisit the lows maybe once or twice as the fear grows that there’s an earnings wave coming.”</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>