Hello,

 

Markets continued to cheer the potential reduction in global rates early next year, with equities and bonds experiencing strong returns into the Christmas period. Interestingly, this week last year saw the Federal Reserve, ECB, and BoE all raise rates by 0.5% – a marked difference to the tone and sentiment evident this time round.

As this is the final Weekly Investment News of 2023, below lists a few facts that caught our eye in recent weeks. It’s not possible to provide all the references but if any are of interest please do get in touch. We’ll also undertake a more formal review, and of course a look ahead in our 2024 Investment Outlook Webinar. Further details and registration here.

 

  • Apple is worth more today ($2.8tn) than the entire US market was in 1990
  • The Nikkei 225 only surpassed its high of July 1990 this November
  • Adjusting for inflation, First Republic, Silicon Valley Bank and Signature Bank held more in assets than the 25 U.S. banks that collapsed in 2008.
  • Beyonce and Taylor Swift concert tours materially contributed to US GDP beating expectations in Q3 2023
  • 17% of the world’s gold is now held by Indian retail consumers.
  • Berkshire Hathaway has the highest share price (not value) in the world. A ‘Class A’ share is worth $544,500 today
  • Food inflation saw major fast food chains such as McDonalds and Burger King remove tomatoes from their menu in India
  • A US $100 bill will be in circulation for about 23 years, a $1 bill last about 6 ½ years

 

And finally, we have seen both Bull and Bear markets across various assets in 2023. The names (apparently!) come from the Spanish ‘Caballeros’ of California who historically had the animals fight for their entertainment. Over time, it was observed that Bears swipe down to attack, whilst Bulls thrust up.

 

We wish you all a Merry Christmas and Happy New Year. We will return on Tuesday 2nd January.

 

As always, if you wish to discuss anything in further detail, please do get in touch.

 

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