FT News Briefing cover image

FT News Briefing

Markets, elections and AI in 2024

Jan 2, 2024
13:28
Snipd AI
Explore the expectations for 2024, including upcoming elections, potential interest rate cuts, and the impact of AI. Discuss the surprising market conditions in 2023 and the importance of US presidential elections. Dive into the potential business model for generative AI in 2024, and listen for predictions, show notes, and ad-free listening.
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Podcast summary created with Snipd AI

Quick takeaways

  • Recessions and market behavior can be hard to understand, emphasizing the need for humility when making predictions in the stock market.
  • The tension between a trigger-happy market and central banks creates communication challenges and managing expectations, particularly as inflationary pressures persist.

Deep dives

Market Surprises in 2023

Despite predictions of a recession, 2023 saw a strong rally in the stock market, with the S&P 500 gaining over 20%. Many fund managers admitted their predictions were wrong, highlighting the need to be humble and acknowledge that recessions and market behavior can be hard to understand.

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