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Podcast: All into Account
Episode: Equity Strategy: Year Ahead 2024 – Europe and Cross-Regional Outlook
Description: Speaker: Mislav Matejka, CFA, Head of Global Equity Strategy
Our key building blocks for 2024 are: first, to enter a long duration trade, as per our last month’s report. After 3 years of an uptrend, with US & German long yields up 400bp, bond yields look set to move lower. That was the case each of the last 8 times post final Fed hike. Second, all key regions are expected by our economists to see weaker GDP growth in ‘24 than this year. US quarterly real GDP prints are projected to decelerate to stall speed for most of 2024, at 0-1% run rate...