Morgan Stanley IM: A Pull-Back from the Pull-Forward? What to Watch Out for in 2024
Jim Caron, CIO of the Portfolio Solutions Group, shares his macro thematic views on key market drivers.04.01.2024 | 07:27 Uhr
- At the beginning of each new year we often get the question, what are you watching out for in markets?
- The baseline consensus would suggest a calm year with bonds returning mid-single digits and equities similarly, perhaps a bit better than bonds.
- This suggests a year of low volatility, but we think 2024 will be anything but that.
- In 2024 it will be critical to manage and watch closely the interconnectedness between interest rates/Fed policy and equities.
- This brings the associated risks of inflation forward, where it appears everything seems to hinge on that.
- But instead of forecasting the future, let me discuss a few key items on the equity/interest rates connection we are watching out for to start the year.