2024 Key Views: Chimerica In Trouble, Part 2

13 Dec 2023

by Dhaval Joshi, Chief Strategist

Our 2024 outlook can be encapsulated into just 39 words and three key views. Key view 1: The end of China’s housing boom means the end of the world’s main growth engine. Key view 2: If the Fed and ECB don’t kill the economy, they won’t kill inflation. Key view 3: The AI gold rush will struggle to find any gold. We go through the investment implications for the year ahead.

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Contents

Executive Summary / Insight
Key View 1: The End Of China’s Housing Boom Means The End Of The World’s Main Growth Engine
Key View 2: If The Fed And ECB Don’t Kill The Economy, They Won’t Kill Inflation
Key View 3: The AI Gold Rush Will Struggle To Find Any Gold
Switzerland Is An Outperformance Candidate
Footnotes
Fractal Trading System (With Open Trades Highlighted)
Fractal Trades
6-12 Month Recommendations
Structural Recommendations
Indicators To Watch - Bond Yields
Indicators To Watch - Interest Rate Expectations