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Sunday, August 23, 2026The Morning Brief →Sign in
asset manager

Fidelity Asset Allocation Research Team

In PWD coverage since August 18, 2026 · 1 story
-2Talent net · 12 months0 in · 2 out
Talent flow · 12 monthsOn the wire →
Net -2 · 0 arrivals · 2 departures
Arrivals
None tracked.
Departures
Ed O'Brien
Aug 21 · to Cetera
Mike Durbin
Aug 21 · to Cetera
PWD coverage
portfolio

Fidelity's allocation team calls the Q2 rebound a caution on valuations

The recovery broadened and AI capital spending powered earnings, but the team says historically high prices leave little room for error.
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