Business
Mark speaking: I am Mark Martiak, and this is the Martiak Market Update. Welcome back and a festive welcome to the year 2022. Thank you for joining me as we discuss key trends shaping our industries and markets. Today I have the pleasure of welcoming Bradford Pineault, CFA a Capital Markets Strategist for the Fidelity Institutional Asset Management team. Our conversation today will focus on the 2022 Market Outlook and what it may mean to your investment portfolio. Before we begin, allow me to tell you a little bit about Brad. For the past four years, Brad is responsible for delivering timely market and economic commentary to Fidelity Institutional Asset Management clients across the country. He is a Chartered Financial Analyst (CFA®), has his master’s in management from Bryant University and B.S. degree in Finance from UMASS Dartmouth. Welcome Brad. Format: Interview will take place with Mark asking Brad the following timely questions related to financial markets and what it means for Investors. Will follow the guidelines of when speaking with the media and keep the conversation away from mentioning specific situations, publicly traded companies, or stocks. 1. What do historical trends suggest that investors in equities could see in 2022? 2. What is your base case for economic activity in 2022 as it relates to corporate fundamentals? 3. Unprecedented level of Fiscal support is ending, but organic drivers of macro growth are increasingly present – can you elaborate? 4. Will Fed monetary policy accommodate 3 or 4 rate hikes in 2022? A. In March? B. What could prevent the Fed from raising the fed funds rate in March or during the first half of 2022? 5. 10-year real yields remain negative, which should provide a positive catalyst for continued economic activity – can you elaborate on this? 6. What is the forecast for large cap growth stocks this year? 7. Can you discuss how small cap growth and small cap value does in a rising interest rate environment? 8. What is your outlook for international equities? 9. Given the rising interest rate backdrop, what can Investors expect from having bond allocations in their investment portfolios?