Viewpoints: Sector scorecard

ACTIVE INVESTOR WEEKLY EDITION: February 01, 2019 View in a browser

FIDELITY VIEWPOINTS ® WEEKLY EDITION: February 1, 2019 Sector scorecard The outlook for numerous sectors has shifted after a turbulent finish to 2018. Read more CHART OF THE WEEK US factory gauge weakens American manufacturing recently experienced its largest monthly decline since 2008, amid a growing trade war with China. Read more RETIREMENT Social security at 62? When should you take Social Security? If you can wait a few years, you can boost your benefits. Read more MARKET COMMENTARY Stocks: Embracing uncertainty 2018 was the year of the reset; 2019 is looking better, says Fidelity's Jurrien Timmer. Read more LEARNING CENTER Exchange-traded notes Learn about some of the advantages, disadvantages, and ways ETNs differ from ETFs. Read more Quarterly sector update Join us for Fidelity's insights on sector performance and discussion on the business cycle in the economy. Register now Be the first to know. Subscribe to receive notifications of upcoming trading and investing webinars. View more: Market Insights >           Investing Ideas >           Retirement >           Personal Finance >           Financial Basics >           Wealth Management >           Active Investor >

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Exchange-traded notes (ETNs) are not exchange-traded funds (ETFs). Unlike ETFs, ETNs are unsecured debt subject to the issuer's credit risk; ETNs do not provide an ownership interest in any underlying assets. Many ETNs are intended for short-term trading and may not be appropriate for intermediate- or long-term investment time horizons. ETNs may be thinly traded, can become illiquid, and may trade at a market price significantly different (a premium or discount) from their indicative value. ETNs may exhibit extreme market price movements, which can occur quickly and unexpectedly. Some ETNs are callable or redeemable by the issuer before their stated maturity date. In the event of early redemption, you are likely to lose all or a part of your initial investment. The tax treatment of ETNs is uncertain and may vary from what is described in the prospectus. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. Past performance is no guarantee of future results. This email may be considered advertising under federal law. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 873860.1.0    CV1 EMAIL REF# 5401713615.1485192 © 2019 FMR LLC. All rights reserved.