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2024 Outlooks: Difference between revisions
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* We are underweight the broad market – still our largest portfolio allocation. Hopes for rate cuts and a soft landing have driven a rally. We see the risk of these hopes being disappointed | * We are underweight the broad market – still our largest portfolio allocation. Hopes for rate cuts and a soft landing have driven a rally. We see the risk of these hopes being disappointed | ||
* We are on a weaker growth path and got here with more inflation, higher interest rates and much higher debt levels. The upshot for investors? We think the key is to focus on how the economy and markets are adjusting to the new regime. Adopting the typical cyclical playbook may be misguided. . | * We are on a weaker growth path and got here with more inflation, higher interest rates and much higher debt levels. The upshot for investors? We think the key is to focus on how the economy and markets are adjusting to the new regime. Adopting the typical cyclical playbook may be misguided. . | ||
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|Amundi<ref>https://research-center.amundi.com/article/2024-investment-outlook</ref> | |||
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|The United States (US) is expected to face a recession in H1 as stringent financial conditions begin to impact consumers and businesses. In H2, we expect growth to stabilise below its potential and inflation to move closer to its target | |||
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