Welcome to the first Ground Control of 2024!
As we look back, 2023 ended with strong momentum, with both the equity and bond markets delivering solid returns. Just a few months ago, the investment landscape was fraught with concerns over “higher for longer” interest rates. With inflation on a downtrend, however, the spotlight has shifted towards the trajectory of rate cuts. Following a notable rally in both domestic and international equity markets as we enter 2024, we ask ourselves – what will be the forward paths of inflation and interest rates, company profits and market valuations.
In this edition, Emmanuel Calligeris, Chair of the DWA Investment Committee, and Grahame Evans, Director of DWA Managed Accounts, will offer their insights on the outlook for 2024. They will cover a variety of topics, including expected interest rate reductions in the U.S. and Australia; the economic implications of the U.S. election; Australia’s vulnerability to global economic shifts – especially the potential impact of China’s slowing growth; and India’s rising significance as an economic powerhouse. We anticipate a stronger first half, followed by a more volatile second half.
