After a year that defied the predictions of almost every investment bank – UBS, for example, said the benchmark 10-year US Treasury rate would be 2.65 per cent by now rather than 3.9 per cent – you might be forgiven for wanting to ignore all forecasts for 2024.
But while that might seem a reasonable response to the forecast failures, investing without a plan in an era of higher inflation is a sure path to underperformance. With markets that seem to punish following the crowd far more than the previous decade, now is the time to glean what the best strategists and analysts see ahead for 2024.
Andrew HobbsWealth reporterAndrew Hobbs covers self-managed superannuation funds, financial planning, retirement and inheritance. He has been a financial journalist for more than 25 years, working previously at Bloomberg and Australian Associated Press.
