Investment Research Update

First Quarter 2024

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Cyclicals may still have an edge

Posted: 1/31/2024 by Denise Chisholm, Director of Quantitative Market Strategy

Relative valuations provided a higher margin of safety for several cyclically oriented sectors, including materials, industrials, and financials. Also, lower rates and high valuation spreads suggested potentially attractive risk-reward for the real estate sector. Conversely, defensive characteristics could hold back communication services and utilities.

First Quarter 2024 Investment Research Update Video

Denise Chisholm, Director of Quantitative Market Strategy, reviews some key points from Fidelity's Q1 Investment Research Update.

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