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Investment Weekly

Eventful markets in 2023
05 January 2024
    Articles

    Chart of the week – Eventful markets in 2023

    For investors, 2023 was certainly an eventful year, even if the strong performance and ‘rally in everything’ at the end of the year adds a shine to annual market returns.

    Investors had to navigate some wild shifts in the investment narrative. From the turmoil in US regional banks in March, to the excitement about AI since May. And from the bond market sell-off and ‘higher for longer rates’ in late summer, to geopolitical strains in October. Until, finally, a huge cross-asset rally in everything in November and December, connected to growing optimism in the economic soft landing and Fed rate cuts. Where does this ‘market schizophrenia’ leave us?

    Chart of the week – Schizophrenic markets

    More from this week:

    Market Spotlight

    • A solid year for Asian equities

    Lens on…

    • What forecasters are expecting this year…
    • Risk assets walking a tightrope
    • Credit still attractive despite default risks

    Download the full report PDF, 700KB

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