Fidelitys global macro director says the uptrend in US equites “feels like late innings”

February 12, 2025
-FCHFX

February 12, 2025 at 04:20AM
Jurrien Timmer is Director of Global Macro at Fidelity:

trend remains up for US equities

this cyclical bull market remains in place at 28 months old

only 62% of stocks are above their 200-day moving average

the chart below shows a series of negative divergences, the likes of which tend to happen in the more mature stages of bull markets

It feels like late innings to me

This article was written by Eamonn Sheridan at www.forexlive.com.

Fidelitys global macro director says the uptrend in US equites “feels like late innings”

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