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Fidelity's Jurrien Timmer: The market has gotten impatient
  + stars: | 2023-06-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFidelity's Jurrien Timmer: The market has gotten impatientJurrien Timmer, Fidelity Investments director of global macro, joins 'The Exchange' to discuss a weakening macro backdrop, the market effort to declare a bullish direction, and the duration of the current trading range.
Persons: Jurrien Timmer Organizations: Fidelity Investments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFidelity's Jurrien Timmer: Here are the three things we need for a bull marketJurrien Timmer, Fidelity Investments director of global macro, joins 'Squawk on the Street' to discuss what Timmer would need to see to confirm the equity markets have hit lows and more.
Organizations: Fidelity Investments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed pausing rate hikes would trigger an equity rally, says Allspring's JacobsenBrian Jacobsen, Allspring Global Investments, and Jurrien Timmer, Fidelity Investments, join 'Squawk on the Street' to discuss the difference between goods and services, if a rate hike pause would spell good news for equities and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fidelity Investments' Jurrien Timmer and UBS' Alli McCartneyFidelity Investments' Jurrien Timmer and UBS Private Wealth Management's Alli McCartney, joins 'Squawk on the Street' to discuss markets activity after todays PPI report, valuations in 2023, and institutions taking on risk.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's too early for a 'pivot party' on inflation and rates, says UBS' Alli McCartneyFidelity Investments' Jurrien Timmer and UBS Private Wealth Management's Alli McCartney joins 'Squawk on the Street' to discuss markets activity after todays PPI report, valuations in 2023, and institutions taking on risk.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrong earnings will be an important underpinning for the market going forward, says Fidelity's TimmerJurrien Timmer, Fidelity Investments director of global macro, joins 'TechCheck' to discuss how the Q3 season earnings could play out, how earnings typically hold up with inflation and if earnings estimates have baked in the strength of the U.S. dollar.
"Based on the combined inputs of the nominal 2-year and real 10-year, my best guess is that the S & P 500 is worth 14.3x fwd EPS. With the S & P closing at 3,693 Friday, that's about 8% lower. The big moves in the dollar are just killing emerging market funds. The largest, iShares Core Emerging Market ETF (IEMG), hit a better than 2-year low on Friday. And as the Dollar Index has risen roughly 4% this month alone, the emerging market ETFs have dropped too.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy sense is this decline is not over and won't be until Fed cycle ends, says Fidelity's TimmerOmar Aguilar, Schwab Asset Management CEO and CIO, and Jurrien Timmer, Fidelity Investments director of global macro, join 'Squawk on the Street' to discuss where we are in the markets, how much further the S&P has to fall and more.
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