GSB Quarterly Market Update – Q4 2023
Written by GSB
In early 2023, investors faced a haze of uncertainty driven by pressing concerns: surging inflation, the onset of swift interest rate escalations, and the traditional 60/40 portfolio’s underperformance leading some to doubt its relevance in modern times. As the year progressed, strides were made in tackling these challenges. The remarkable resurgence of equity markets has shifted the narrative towards an optimistic outlook as 2024 approaches. Yet, the lingering presence of volatility triggers underscores the anticipation surrounding the effects of escalated interest rates on the global economic landscape.
- Equity markets produced a strong fourth quarter to end what has been a great year, with the US leading the way.
- Inflation continues to move towards normal levels, providing central banks with the evidence needed to begin cutting rates in the first half of 2024.
- The impact of high-interest rates is beginning to be felt around the world as economic growth slows and the Eurozone appears to be heading for a mild recession.
- With interest rates appearing to have peaked, fixed income becomes an increasingly attractive option for investors with yields currently at elevated levels.
In this quarterly market update, the financial events of the 4th quarter are discussed and insights into what investors experienced by the year-end.
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GSB
GSB is built on a simple belief that everyone should gain from good financial investment, with the Company’s mission to create, protect, and grow wealth. But only in the most ethical and responsible ways possible. Headquartered in the Dubai International Financial Centre (DIFC), GSB is regulated by the Dubai Financial Services Authority (DFSA). Earlier in the year, the company launched operations in Geneva, Switzerland. And in July, the company received a Financial Conduct Authority (FCA) license to become directly authorised in the United Kingdom. The company plans to obtain permission to operate in Liechtenstein, which is regulated by the Financial Market Authority (FMA).