UBS On-Air: Market Moves
How should I be positioned? Year-Ahead Edition with Russ Koesterich (BlackRock) and Jason Draho (UBS CIO)
Dec 12, 2023
Jason Draho and Russ Koesterich discuss the current market and macro environment for 2024. Topics include asset allocation preferences, economic conditions and risks, investment opportunities in Japan and India, market rotation and macro outlook, and final thoughts on investment strategies.
29:22
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Quick takeaways
- The US economy is expected to have a soft landing in 2024, experiencing a gradual slowdown in growth without entering a recession.
- There are potential investment opportunities in the Japanese and Indian markets, but careful consideration and monitoring is necessary due to historical challenges and risks.
Deep dives
Outlook for the US Economy in 2024
The podcast discusses the macro environment in the US and provides a positive outlook for the economy heading into 2024. The speakers highlight that the US economy is doing well and is not expected to enter a recession in the coming year. They attribute this optimism to factors such as the strong financial position of households, ample stimulus, and a resilient labor market. While the economy is expected to continue expanding, the pace may slow down slightly. The speakers also mention the potential for inflation to decrease, which could potentially lead to cuts in interest rates by the Federal Reserve in the latter half of 2024.
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