Our views on recent market volatility

Following unprecedented actions by fiscal and monetary policymakers, the markets recovered substantially in the second quarter after a decline in late March. Market performance rallied, led by riskier investments like broad-market stocks.


  • Conservative stocks and high-quality bonds helped the strategy participate in the market recovery.
  • While the growth outlook remains uncertain, modest improvements in the labor market and consumer spending may point to a more stable economic backdrop.
  • We continue to work on maintaining the proper balance of defensiveness and growth in the defensive strategy.

Markets, emotions, and you

Fidelity Viewpoints®


Understanding market cycles and how they can impact your emotions can help you be a better investor.