September was a low ebb in terms of the markets and market-moving news. There was absolutely no new major economic, earnings, nor geopolitical news; except, of course, for the much anticipated Federal Reserve meeting and Janet Yellen press conference. But even that major event (and the fact that a Fed meeting had become such a major event is itself telling of how little else the markets have had to go by) eddied around the announcement of no rate hike. The risk of de-risking—the pursuit of more defensive positions based on immediate concerns that may or may not pan out—remains elevated without real signposts to guide the markets up or down. Read more
If anything happened that moved the markets this week, I missed it. The kinds of fears that have triggered recent selloffs didn’t do so this week. And the kinds of facts that have propelled sustained expansion here at home (job growth, consumer spending, housing and car sales chief among them) and tentative growth in the established markets of Europe and Japan neither diminished nor increased. Some may view this week as the calm before some storm. Here and now, I don’t see either a major negative or positive catalyst that would elevate my conviction beyond cautious optimism. Read more
The kinds of fears that have triggered recent selloffs didn’t do so this week. And the kinds of facts that have propelled sustained expansion here at home (job growth, consumer spending, housing and car sales chief among them) and tentative growth in the established markets of Europe and Japan neither diminished nor increased. Some may view this as the calm before some storm; you can count on the index-beating performance of the portfolios found in Fidelity Sector Investor to help you weather any turbulence. Read more
Jim Lowell is Editor-in-Chief of the award-winning independent newsletters Fidelity Investor and Fidelity Sector Investor. Through his newsletters, Jim advises individual investors seeking superior performance from their Fidelity investments. He has also written several books on investing, Investing from Scratch (revised edition, Penguin, 2006) and What Every Fidelity Investor Needs to Know (Wiley, 2007) among them. Read more
|Growth & Income||-3.6%||10.9%|
|Annuity Growth & Income||-4.2%||7.8%|
You don't want to own too many funds that are similar, but how do you tell? A high correlation between funds may mean that your portfolio of funds is not as diverse as you might want it to be. While other tools may compare funds only to the S&P 500, you can use this tool to determine how closely the performance of one Fidelity fund tracks that of any other Fidelity fund. Compare all the funds that you own. To diversify, look for funds that have low correlation with one another.