In today’s episode, we are joined by Chief Investment Officer and Portfolio Manager Andrew Marchese who discusses current market conditions, which includes the Bank of Canada’s recent decision to cut interest rates, the implications of rising inflation and unemployment, and how the speed and magnitude of future rate cuts will depend on upcoming data. Andrew talks about how this year has been a stock pickers market, and how it’s heavily influenced by overall corporate profits and macroeconomic indicators. He discusses the importance of a bottom-up strategy in portfolios moving forward. Andrew also takes a closer look at commodities in the markets prolonged late cycle, and how some sectors are facing a supply shortage with the current rising global demand.    Recorded on June 6th, 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.