Key themes for 2024
2024 can be formed by intervals of normalization for the market and for charges and inflation, lining up some constructive funding alternatives.
A number of funding themes are set to emerge as potential drivers in line with IG’s Funding Technique Staff.
Some sectors resembling manufacturing and international commerce look like reaching their trough, with potential restoration within the yr forward. Whereas Canada is extra in danger from recession than the U.S., the better deal with worldwide equities ought to assist the TSX stay resilient whilst charges proceed to influence home progress.
Equities ought to see broader features in 2024, diversifying from this yr’s robust deal with mega-cap shares. Earnings must also enhance because of financial restoration and engaging valuations add to the constructive image.
Whereas inflation and charge hikes are anticipated to ease in 2024, fastened revenue traders may see improved returns on bonds on account of elevated rates of interest.
