Well, we knew we'd be here. With a bit more than one month to go before this contentious election reaches a known conclusion, we'll need to steel ourselves more against headline foment and ad tirades from both sides. Rest assured, however, that the market will sort campaign rhetoric from election, earnings and economic facts. Even more important, in the face of what is known and unknown, we will continue doing what we always do here at Fidelity Investor: Remaining calm and collected. Staying focused on our bull-and-bear-market-tested, manager-focused investment discipline. Its track record has spanned many presidential elections and much, much worse times that than these. Its risk-adjusted diversification is built not only to weather tough times, but to actually benefit from them. Read more
Headlines may be focused on the upcoming presidential election, but my focus remains on the facts on the market’s ground: earnings and the economy. Last week’s trickle of earnings reports has turned into a steady stream this week, and the earnings calendar has us slated for a flood to fawn over in the weeks ahead. So far, we’ve heard from a number of the major banks, with Bank of America, Morgan Stanley and Goldman Sachs all seeing their shares rally after reporting earnings. Banks have been battered by low interest rates and a sluggish economy, but a stronger banking sector should translate into a healthier economy if banks begin to lend out to healthy households with strong balance sheets and stellar credit. Read more
In this month’s issue, I’m going to highlight two sectors that are responsible for the media and the messages; technology and the source that feeds it, utilities. But, rest assured, I’m not going to do so from a philosophical perspective. Instead, I’m going to focus on the investment facts on their sector-respective grounds. You’ll also find my FSI Sector Seasonality chart, which encompasses all the sectors and reveals which have, on average, fared better or worse during the month of November. Given the political season, I also thought it fitting to provide a seasonal sector view, so I went back and asked about the month of November in election years. FSI was designed to stay completely fear-free; unemotionally focused on what the numbers say, not what so-called experts are saying such numbers mean. As such, FSI is a good vehicle for these load-fire-aim times. 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||6.1%||12.9%|
|Annuity Growth & Income||3.0%||9.7%|
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