HSBC are forecasting a 15% gain for global equities in 2024

<p>HSBC says the move will be underpinned if a soft landing is achieved and central banks ease policy:</p><ul><li>

“We expect global equity markets to climb higher and forecast 15% upside by end-2024,” </li><li>“But, against a backdrop of slowing economic growth and declining interest rates, we think market breadth will increasingly narrow, with a large proportion of the market treading water, while US supremacy will likely continue.”</li></ul><p>HSBC base their view on their research showing where the Fed has pulled off a soft landing, the S&amp;P 500 has rallied 22% on average between the pause in hikes, and six months after the bank’s begun cutting</p><ul><li>favour tech &amp; and consumer discretionary sectors</li></ul><p>—</p><p>Not everyone is convinced:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-on-us-election-year-seasonals-weaker-than-normal-equity-returns-expected-20231107/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs on US election year seasonals – weaker than normal equity returns expected</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.