Money in the Market: Will the Magnificent Seven once again dominate markets in 2024?

Against all odds, 2023 has been a splendid year for markets. Markets were fueled by an unexpectedly strong economy, the Magnificent 7 dominating, and lately, the prospect of interest-rate cuts in the year ahead. So as 2023 beat all expectations, what’s in store for 2024? Will 2024 continue to ride on this recent bull market? Are analysts seeing more gains for the year ahead? On Money in the Market, Hongbin Jeong speaks to Thilan Wickramasinghe, Head of Equity Research, Maybank Securities, to find out more about the outlook for equities in 2024. Highlights: How did equities perform in the past year? - 1:00 What were some of the overarching themes that moved markets this year and what themes are likely to play a role in the year ahead? - 1:54 China missed some of the global market rally in the month of November. Will it be able to see some upside in 2024 or will it be a bumpy ride? - 8:05 Will the Magnificent Seven once again boost shares on Wall Street next year? - 9:37 What are the key lessons that investors can learn from market conditions this year that they can use in the year ahead? - 10:32 See omnystudio.com/listener for privacy information.