Australasian Equities

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Australasian Equities

Where we took profits and losses in 2024

Global stock markets delivered strong performances in 2024, fuelled by a resilient American economy and investor optimism about global rate cuts, although the RBA has held steady at 4.35% due to persistent inflation. The ASX 200 rose +9.5% year-to-date as of December 17, 2024, setting record highs earlier in the year but facing slight pullbacks recently. Sector performance varied widely, with financials and tech leading gains, while materials and energy struggled. Market sentiment was buoyed by solid earnings, robust dividends,

2024 reflection

Global stock markets have performed solidly overall in 2024 as the American economy continued to run smoothly, and investors began anticipating a global interest rate-cutting cycle, which has begun playing out across many economies, albeit not in Australia just yet due to stubborn inflation. The Australian economy has proved resilient in an aggressive rate-hiking cycle, but headline GDP figures were bolstered by immigration and elevated government spending, masking a GDP per capita recession. Still, stocks have climbed, and the benchmark ASX 200 set

Where we took profits and losses in 2023

Where we took profits and losses in 2023 2023 was a big year in the financial markets. Global stock markets have outperformed expectations, avoiding a feared recession in the US and showcasing resilience in the Australian economy (among developed economies) amidst aggressive rate hikes. The UK and Japan displayed economic resilience, while China faced concerns, leading to mixed economic data. Hong Kong and Chinese stocks declined, with the Hang Seng index down 16% year-to-date. The impact of inflation and interest rates took

2023 in review

2023 reflections Global stock markets have performed better than feared in 2023 as a widely expected recession for the US economy was avoided without the negative knock-on impacts that would typically have entailed. The Australian economy has also proved resilient in an aggressive rate-hiking cycle. Most other major countries have been on the same page to varying degrees, although individual stock market performances have varied. As of mid-December, the S&P500 is an impressive 23% higher, in large part thanks to a

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