2024-01-13 00:19:35
What are the forecasts for the stock markets in 2024? Almost two weeks since the start of 2024, the stock markets are going well. “There is no panic so far,” according to a market strategist at the firm RJ O’Brien.
Despite the forecasts expected for 2024, concerning stock indices falling by 80% and cryptocurrencies which might be worth a “fortune”, Simon Brière notes that the stock markets “are doing well at the moment”.
Simon Brière expects a “very uneven” market, due to an economic slowdown expected in 2024. “Some will barely feel it and others will feel it full force with job losses and the increase in the unemployment rate,” he says, on the show À vosaffaires.
A drop in interest rates?
On the American side with the Fed, the market strategist expects interest rate cuts in the spring, but “when will it really start and to what extent will we have reductions?”, he comments .
Bond market investors are convinced of a drop of “25 points” at each meeting with the United States Federal Reserve, specifies Mr. Brière. “It’s a big and tall order. I don’t know to what extent we will be able to have these interest rate reductions without having economic difficulties.
The cost of living is rising, inflation is still on the rise. “This makes it a little difficult for the American Central Bank to lower rates, while inflation is still very present,” he notes.
However, “if we lower interest rates too quickly, it can add fuel to the fire,” he specifies.
***See the full interview with Simon Brière, above***
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