FT News Briefing Markets, elections and AI in 2024
5 snips
Jan 2, 2024 The discussion kicks off with an analysis of economic forecasts for 2024, spotlighting crucial elections and the rise of artificial intelligence. Surprising market trends in 2023 reveal resilience amid recession fears. Key elections in the U.S., U.K., and Asia promise to reshape geopolitics. The conversation dives into the booming AI industry, weighing monetization opportunities against regulatory challenges. Expect a fascinating exploration of how all these elements might influence the markets and politics in the coming year.
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Market Anomalies in 2023
- The S&P 500 performed surprisingly well in 2023 despite high interest rates.
- Investors are now anticipating interest rate cuts by central banks.
Recession and Market Volatility
- The anticipated recession in 2023 did not occur, leading to incorrect market predictions.
- Markets are pricing in significant rate cuts, but inflation could resurge, causing market volatility.
2024 Market Outlook
- The hope for a calm market in 2024 is unlikely due to tension between policymakers and markets.
- Numerous global elections, including in the US, will likely contribute to market volatility.