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Investment Insights Bitcoin Primer Learn how this digital currency works, plus some risks to consider. Sector Update: Broad Gains across Sectors, Tech Still on Top Report Our Sector Scorecard synthesizes equity sector information from four disciplines—business cycle, fundamentals, relative valuations, and relative strength—to create a comprehensive view of the current state of each sector. International Stock Outlook: Global Recovery International economies are growing, while valuations look relatively attractive. VIEW INVESTMENT INSIGHTS Markets & Economy Market Shakeup: What's Next? With valuations down and earnings strong, the bull run is likely not over yet. Still a Good Time for International Equities? Business cycle approach favors international equities, though there are differences with prior cycles. What's behind the Market Pullback Investors weigh rising rates and the risk of an overheating economy. Two Roads the Market May Follow (Jurrien Timmer commentary) Analyzing prior secular bull markets suggests the current bull market could continue into 2019. One counter-argument against this rosy outlook is that, over the long term, high starting valuations can lead to lower future returns. Welcome 2018: The Momentum Continues (Money Market commentary) The Fed raised interest rates in December, its third increase of 2017. The conditions that supported financial conditions in late 2017—above-trend U.S. economic growth, subdued inflation, and lower taxes—are expected to continue into 2018. VIEW MARKETS & ECONOMY Planning Insights 2018 Outlook: Navigating Rate Hikes High valuations on corporate bonds may make Treasuries relatively attractive. VIEW PLANNING INSIGHTS To help you keep track of changes, Fidelity has created one-click access to a list of all new, updated, or fiscal year-end prospectuses. View the most current list. HEAR FROM FIDELITY EXPERTS Investing Insights from Fidelity Portfolio Managers WATCH NOW

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