2024 Global Equities Outlook
17 January 2024
2023 was a prime example of how difficult it is to forecast GDP growth and stock market direction, particularly in the short term. The recession that economists widely predicted failed to eventuate and whilst earnings growth was muted the US S&P 500 index returned over 25% for the year! Here we put 2023 into context and consider the risks to the upside or downside to GDP, corporate earnings, and stock market valuation levels for 2024.
This information has been prepared by Northcape Capital, the underlying investment manager for the Warakirri Ethical Global Equities Fund.
