2024 in review: How the return to a ‘normal’ economy led to a record year

The global economy’s return to normality in 2024 fuelled the continuation of the bull market that began in 2022, delivering a record year for many markets. At the start of the year, the average forecaster predicted just a 3% increase in the United States stock market – yet markets surged far beyond those expectations. In this year-in-review podcast, we’ll unpack the key trends and insights. What worked for the Portfolios? What didn’t work as expected? We also explore a range of other themes, including the rise of AI, the return of Bitcoin, and why we believe 2025 will mark New Zealand’s own return to economic normality – a positive development for local markets.