Information offered herein is for dialogue and illustrative purposes only and is not a advice or a suggestion or solicitation to buy or sell any securities. Views expressed are as of the date indicated, based on the information available at that time, and will change based on market and different circumstances. Unless in any other case famous, the opinions supplied are these of the authors and never essentially these of Fidelity Investments or its associates. Fidelity doesn’t assume any responsibility to replace any of the knowledge. Are we heading right into a replay of the energy crisis and bear market of the 1970s? The US financial system is much less depending on energy imports than it was then, and stocks are a lot cheaper relative to bonds than they had been 5 decades in the past, so both look much less susceptible.