Dermot and Dr Steve Garth (External Investment Consultant) discuss some of the key themes that influenced financial markets over the quarter:  

• The last two months of 2023 saw a remarkable pivot from central bankers on the future interest rates.
• Everything from equities to corporate bonds surged higher. International stocks have had their best return in 4 years.
• Tech stocks have had an amazing run helped by AI hype, and are up a staggering 45% (in USD) in 2023
• The ASX did spend most of the year in a holding pattern but added a stunning 12% since November on declining inflation.
• The pivot has seen US bond yields drop by more than 100 bps, resulting in the global bond index up by more than 5%

For further detail, please download our Quarterly Market Update report below:

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