Q2, 2024

Written By Open Capital
 

Key Highlights

  • Global economic growth is more robust and resilient than expected. Fed growth forecasts for 2024 were revised higher, from 1.4% to 2.1%.

  • Base case scenario: no hard landing.

  • The disinflation process is still ongoing. FED and ECB are ready to ease monetary policy. First rate cuts expected in June.

  • Dominant themes in the stock market are: Artificial Intelligence, the arms industry, and weight loss drugs.

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Q1, 2024