Good morning,
Happy New Year and welcome to the first Weekly Investment News of 2024. The final weeks of last year saw a strong rally for risk assets and marked the best year for equities since 2019, giving investors plenty to cheer over the festive period (more details below).
Top performers across different asset classes included US dollar denominated Turkish government debt, Nvidia in the S&P 500 at 239%, and Uranium which soared to $90 per pound (80%+ return). However, Lira denominated Turkish debt would have seen losses for euro investors, there were still over ten companies which had double digit losses in the S&P 500, and other commodities such as Oil lost 10%+ in 2023.
As always in markets, there will be winners and losers, and a long standing and successful multi-asset process remains the best approach for most Irish investors.
Also, some dates for your diary:
Investment Outlook 2024: Balancing Act
Tuesday 9th January at 11am
Dates and venues
23/01 Limerick at The Savoy Hotel
24/01 Cork at Páirc Uí Chaoimh
25/01 Dublin South at Radisson Blu – St Helens
30/01 Dublin North at Clayton Dublin Airport (new venue)
And finally, don’t worry if you’ve had a sluggish start to 2024. There’s a total of 8,784 hours this year, which comes to 366 days – making 2024 a Leap Year. So, plenty of time to catch up on 29th February for anything that you don’t quite get over the line today.
As always, if you wish to discuss anything in further detail, please do get in touch.
