By Let's do the math since the start of the year: +51% for the Nasdaq, +22% for the S&P 500, +17% for the Cac40, +12% for the Dow Jones and +21% for the German Dax.
It's almost easy to forget that 2023 was marked above all by inflation unseen for decades, record rate hikes, a devilishly tense geopolitical situation and extreme weather events. Now, all that investors can think of is AI, soft landing, moon landing and rate cuts. So the bulls are galvanized by their own euphoria, what insolent optimism.
Will 2024 be as kind to the bulls? In any case, the markets will have plenty to digest. The US election, the Olympic Games, rate cuts (obviously), continuing conflicts, a possible surprise in Argentina and perhaps even an improvement in the Chinese economy, could define the direction of the stock markets.
