Today on the show, we check in with Fidelity’s Director of Quantitative Market Strategy Denise Chisholm and get her thoughts on recent job growth numbers, the Federal reserve’s next possible move, and the impact of current geopolitical risks. Denise dissects recent positive job growth numbers and says if you step back and look at the overall picture, you will see that year-on-year payroll growth or even three to six months back, we are only in the second quartile and the correlation you see in this segment in terms of payroll growth equating to average inflation, is that it is bang on 2% growth. She adds payrolls drive service spending, but is only one piece of the overall CPI puzzle - productivity plays a roll, too. She also comments on the resiliency and advancement of the equity markets suggesting that it is much less dependent on Federal Reserve rate cuts than many investors might think. Denise also touches on how geopolitical risks could affect the market, and what is in her bottom and top sector watch.  Recorded on April 25th , 2024.   At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.