Next LIVE broadcast: Tuesday, July 21, 2020 at 2 p.m. ET
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To help you navigate through these unusual market conditions, Fidelity's leaders have come together for a webcast series called, Market Insights: New Developments, What to Consider, and Top Questions Answered. Tuesdays at 2 p.m., in under 20 minutes, they'll cover the latest market happenings, actions you might consider, and answers to common questions.
Download slides (PDF)
- For many who inherit IRAs or 401(k)s starting in 2020, the SECURE Act eliminated the ability to "stretch" your taxable distributions and related tax payments over your life expectancy. If you've inherited an IRA on or after January 1, 2020, and you cannot stretch your distributions, you must withdraw all assets from the inherited account within 10 years. There are 3 possible strategies to consider based on your situation: (1) withdraw the assets as evenly as possible over the 10 years, (2) wait until the end the of the 10-year period and then withdraw everything, and (3) make irregular withdrawals over the 10-year period.
"Parts of the communication services sector could be less affected by the economic downturn than other market segments. I'm focused on companies within this niche I believe will continue to serve customers even if the coronavirus pandemic drags on," says Matt Drukker, portfolio manager of Fidelity® Select Communication Services Portfolio (FBMPX).
Communication services comprises internet-focused companies, media and entertainment companies, as well as firms that offer more utility-like subscription-based services such as home and wireless broadband.
Among wireless providers, Drukker has focused primarily on T-Mobile US (TMUS), a company he thinks is set up well to compete for customers in good times or bad. It was his third-largest holding as of April 30.
He's also maintained outsized exposure to video game publishers, which are not only experiencing increased demand in the current environment but also have secular...
- Understand what kind of HSA user you are, based on your primary goals for using your HSA. Decide how to invest your HSA balance to have the opportunity for growth, realize the tax benefits, and be better prepared to cover medical expenses when they arise. Consider investments that best suit your goals, time horizon, financial situation, and risk tolerance.
- Historically, what we see in the S&P 500 today—big price gains combined with a large retracement after a decline, and strong market breadth—has nearly always indicated the beginning of a bull market. 1929 and 1937 are the big exceptions. Despite the combination of price gains, retracement, and breadth in that time period, the stock market floundered until the Fed started its printing press after the US entered World War II in 1942. Federal Reserve policy in 2020 could not be more different from the policies of the 1920s and the 1930s. Because of support from the Fed and current fiscal policy, I don't see a repeat of 1930s happening today and I think the 2020 lows may already be in.
We offer multiple ways to help you evolve your options trading strategy, be more effective with your research and analysis, and better leverage our trading platforms and tools. Choose the way you prefer to learn.
Next LIVE broadcast: Tuesday, June 30, 2020 at 2 p.m. ET
Add to calendar
To help you navigate through these unusual market conditions, Fidelity's leaders have come together for a webcast series called, Market Insights: New Developments, What to Consider, and Top Questions Answered. Tuesdays at 2 p.m., in under 20 minutes, they'll cover the latest market happenings, actions you might consider, and answers to common questions.
Download transcript (PDF) | Download slides (PDF)
- June 24: Navigating work, life, and financial demands - with special guest, Eve Rodsky, New York Times bestselling author of Fair Play July 1: Managing retirement money in uncertain times (encore episode) July 8: Tax-smart investing July 15: Investing for social impact
We offer multiple ways to help you evolve your options trading strategy, be more effective with your research and analysis, and better leverage our trading platforms and tools. Choose the way you prefer to learn.
We offer multiple ways to help you evolve your options trading strategy, be more effective with your research and analysis, and better leverage our trading platforms and tools. Choose the way you prefer to learn.
Next LIVE broadcast: Tuesday, June 23, 2020 at 2 p.m. ET
Add to calendar
To help you navigate through these unusual market conditions, Fidelity's leaders have come together for a webcast series called, Market Insights: New Developments, What to Consider, and Top Questions Answered. Tuesdays at 2 p.m., in under 20 minutes, they'll cover the latest market happenings, actions you might consider, and answers to common questions.
Download slides (PDF)
- The US stock markets have rallied quite a bit since the March low and a correction now seems to be underway. A correction is a short-term stock market drop of about 10% or more. Looking back at the Global Financial Crisis, a correction came in 2009 at a similar point in the recovery. A 10% correction would bring stock valuations back in line with long-term earnings estimates. The economic fundamentals that supported the rally in stocks so far are still there.
- Potential outperformance. Strive to deliver excess returns that may help to improve outcomes and wealth over time. Flexibility. Benefit from the intraday trading and potential tax efficiency that ETFs offer. Proprietary management. Provide access to Fidelity's active portfolio management and global equity research capabilities.
- The US stock markets have rallied quite a bit since the March low and a correction now seems to be underway. A correction is a short-term stock market drop of about 10% or more. Looking back at the Global Financial Crisis, a correction came in 2009 at a similar point in the recovery. A 10% correction would bring stock valuations back in line with long-term earnings estimates. The economic fundamentals that supported the rally in stocks so far are still there.
- The US stock markets have rallied quite a bit since the March low and a correction now seems to be underway. Looking back at the Global Financial Crisis, a correction came in 2009 at a similar point in the recovery. A 10% correction would bring stock valuations back in line with long-term earnings estimates. The economic fundamentals that supported the rally in stocks so far are still there.
We offer multiple ways to help you evolve your options trading strategy, be more effective with your research and analysis, and better leverage our trading platforms and tools. Choose the way you prefer to learn.
The tragic killings of George Floyd, Ahmaud Arbery and other people of color are causing pain, frustration, sadness, shame, concerns for personal safety, and anger across the country. I have heard from many Fidelity associates who are angry and scared over recent events, as well as the broader inequalities that exist in the United States. I, too, am heartbroken and angry that racial discrimination and inequality continue to plague our society. These senseless deaths and tragedies, based on racism and hatred, must come to an end.
I want you to know that we stand together. In these difficult times, we are united by the values that remain at the core of Fidelity:
- The US economy is in recession though monetary and fiscal policy seems to have tempered the worst of the near-term damage in financial markets and the economy. China has made the most progress in reopening its economy though economic activity has been significantly below pre-virus levels. China's experience moving out of lockdown may show that the path for other countries will also be hesitant and uneven. Uncertainty and volatility are likely to remain high.
- The CARES Act, signed into law March 27, paused federal student loan payments and interest through September. You can continue making regular payments during this time—and even make extra payments to pay down your loans faster. Check with your loan servicer to make sure your extra payments are applied to principal.
- The bumpy stock market might present opportunities when investing for a long time horizon. Consider redirecting refunds from canceled programs toward college savings. New tax rules give college savings plans increased flexibility.
- • Up to $5M in identity theft insurance for the whole family5 • Access to a suite of 24/7 advanced credit and identity monitoring services, alerting you if a breach is detected6 • Concierge restoration support to recover and restore your identity, should you ever need it
We offer multiple ways to help you evolve your options trading strategy, be more effective with your research and analysis, and better leverage our trading platforms and tools. Choose the way you prefer to learn.
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