Voldemārs Strupka, investment expert of Signet Bank
Looking back at the predictions made at the beginning of 2023, it is clear that the stock market did much better this year than I or other financial experts predicted. I had left 2023 under the combination of words “little room for optimism” or “the roller coaster will continue”, but the text proofreader offered “cautious optimism” – that’s what this year turned out to be, Voldemārs Strupka, Signet Bank’s investment expert shares his opinion.
Until the end of October 2023, it was hilly and nervous, but with the arrival of November, everything changed. Someone stepped on the gas pedal and all risk assets “flew into space”, overturning almost all Wall Street forecasts. The S&P 500 ended the year at 4,770, far from even optimistic Deutche Bank 4500 points and Wells Fargo with 4400. Also very far from the median of 4000 points and very far from Barclays Bank or Societe Generale’s 3675 and 3800 points. Let’s be honest – at the very end of October, the value of the main index of American shares was a modest 4100 points. It seems that all the fears of the summer and autumn of the market have vanished like morning fog, which can also be seen from the forecasts of the “big boys” for the year 2024.
2024-01-04 07:49:46
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