Why investors were right to ignore the warnings of 2023
If the past year taught investors anything, it’s that being selective and diversified is key to riding the economic cycle. And timing the market is a fool’s game.
We don’t need to jump into a DeLorean to recall markets one year ago because much of the same rhetoric exists today.
This time last year, the US Fed funds rate was 3.75 to 4 per cent, on the way to its current 5.25 to 5.50 per cent range, and the Reserve Bank had hiked interest rates for an eighth month in a row taking the cash rate above 3 per cent for the first time since 2013.
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Arian Neiron is managing director and head of Asia-Pacific at VanEck.
