Monday Macro: Crystal ball time – the analysts reveal their 2024 predictions
A quick saunter through what the big institutions think will happen in the coming year. Plus I update my asset allocation table at the end
- In terms of institutional forecasts, they all seem cautiously optimistic.
- Robeco reckons equities face a challenge alongside tightening financial conditions.
- DWS reckons Japanese and European equities are the most promising. They also reckon real estate equities might stage a comeback.
- Martin Currie is really quite upbeat about the UK.
- Pimco reckons it is time for bonds.
- SG is reducing their Japanese equity overweight, increasing Euro Gov’t bonds; and Reducing USD weight gradually.
- Goldman Sachs thinks the hard part is over. They expect returns in rates, credit,
- equities and commodities to exceed cash in 2024.
- I’ve also added a few sectors and geographies to my own asset allocation table.
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