Predictions For 2024
Manage episode 393842267 series 2987371
Listen in podcast app and follow below for the podcast topic arc.
* Reviewing 2023 predictions
* Whats in store for 2024
* 2024 predictions
* Recommendations and Links
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Market Updateđđ
Welcome back and Happy New year everyone.
The market has gotten off to a very slow start. Erasing all the gains in the final five trading days of last year.
On LinkedIn I posted a little blurb on the January Trifecta that i think is important to talk about as we trade through January.
Santa failed to show up for his Rally.In investing, there are many adages or proverbs that people track.One that has become popular is the New Years Trifecta.The first leg is the Santa Clause Rally. Which combines the final 5 trading days of last year and the first 2 trading days of the new year. The second is âthe first 5 daysâ of January.The third is âas January goes, so goes the rest of the yearâ.The first adage or indicator is usually measuring the S&P500, but itâs also fair game to expand it more broadly as I think it helps to see the whole market. (See attached chart from All Star Charts)So what does it all mean exactly?Last year, we had one of the best Januaryâs in history. Which lead to one of the best performing years for a 60:40 portfolio in a long time.Weâve gotten off to a poor start here in North America. But the rest of the world, specifically Emerging Markets, Financials and Healthcare have bucked that trend.There are many strategists on the street bullish these three areas of the market.They are showing relative strength.I think thatâs important to pay attention to.Itâs a new year, with new trends.
2024 Predictions:
* Cancel culture gets canceled
* Ozempic (GLP-1) is bigger than AI
* S&P 500 sees a +15% gain
* Jerome Powell leaves the fed in 2024 after soft landing confirmed and before Trump
* TikTok finally gets banned in the US and Canada (After election)
* Hypest IPO of 2024 is going to be Kim Kâs Spanx and Stripe
* Longevity products go mainstream
* Crypto begins a new bull market
* Software moats erode with AI
* Valuation dispersion widens
* A new generational social media product is born
* India has a blockbuster startup IPO
* US IPO market reopens; M&A stalls with regulation
* Small cap tech IPOs will make a comeback
* AI deflates healthcare
* Digital detoxes go mainstream
* The value of culture will skyrocket in the AI age
* Fed will hike more than it will cut in 2024
* Bitcoin spot ETF will not happen in 2024
* Gold will trade below $1700
* No banks will fail
* China Equities will outperform all G7 equities
* YoY US CPI measure for all of 2024 will exceed 2023 year end level
* Mag 7 will again outperform SPX 493
Podcast & YouTube Recommendations
* The best interview of Scott I have ever watched. And Iâve seen darn near all of them.
* Zeihan on Canadaâs position economically
Best Links of The WeekđŽ
* The Case Against Travel by Agnes Callard - An argument we might all be more open to after experiencing an airport around the holidays ⌠Especially in an age of online booking and Instagram, travel shouldnât be considered an achievement or a hobby.
* An Extraordinary Introduction to the Birth of Israel and the Arab-Israeli Conflict (with Haviv Rettig Gur) by EconTalk Podcast - A much broader perspective on the foundation of Israel that goes well beyond 1948 and puts Zionism in a wider historical context in Europe.
* Bonus (Listen): Sam Lessin of SlowVC: The End of Factory-Farmed Unicorns on World of DaaS pod Everyone is afraid to make predictions, except Sam Lessin. Sam gives an in depth breakdown of the last five years of VC, and where itâs heading in the next five.
* Why The Age of American Progress Ended by Derek Thompson âInvention alone canât change the world; what matters is what happens next.â The US has more Nobel prizes for science than most of Europe combined, but if there were a Nobel prize for deployment and adoption of new technologies, we certainly wouldnât be the leading recipients.
* The Secret Life of the 500+ Cables That Run the Internet by Stephen Shankland Some of the facts about the several hundred cables that connect the global internet are unbelievable: Theyâre only about the width of a garden hose, and they carry 99% of intercontinental internet traffic.
* What do you actually want? by Raffi Grinberg
For the season of goal setting, a practical, replicable exercise to understand more about what you actually want and why, with grounding in modern psychology.
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