The Macro Brief – A glimpse into 2024

The Chief Multi-Asset Strategist provides a positive outlook for risk assets in 2024 and addresses investor concerns. They analyze recession signals and the importance of considering levels versus changes in indicators. The current state of credit card delinquencies and consumer stress is discussed. Sentiment data and market breadth are analyzed as indicators for real money investors. Worries about market overheating and future discussions on food and currency outlooks are mentioned.