UGC Monthly Market Update | January 2024

Welcome to the UGC’s Monthly Market Update for January 2024.

Join UGC’s CEO & Chief Investment Officer, Joel Hewish, as he takes a deep dive into the latest financial market trends and conditions for the US and Australia, as well as providing an in-depth analysis of the stock markets.

Don’t miss out, CLICK HERE to get the latest video education from UGC.

MARKET OVERVIEW – US

  • Tale of 2 Markets – Large Caps Vs Small Caps
  • Magnificent 7 expensive for a reason
  • What Are The Most Popular Stock Market Bets Among Fund Managers?
  • Geopolitics Is The Main Source Of Concern For Investors
  • Will The Mountains Of Available Cash Soon Be Invested In Risky Assets?

MACROECONOMIC OVERVIEW – US

  • Rate Cut Expectations Are Being Pushed Back
  • MACROECONOMIC OVERVIEW – AUSTRALIA
  • No Rate Cuts Expected Until October 2024

SUMMARY

  1. S&P 500 and Nasdaq 100 have now reached new all-time highs after almost 500 days. The Russell 2000, however, remains in Bear Market territory.
  2. Market Breadth improved in November and December but has waned again in January.
  3. Geopolitical risks seems to be greatest perceived risk to markets for 2024.
  4. U.S. Interest Rate Cut expectations are being pushed out to around the middle of 2024, while market is expecting the RBA to hold rates steady until mid to late 2024.
  5. Growth stocks have been in a sweet spot this month. January should be the Platinum Alpha and Global Alpha’s best month for a long time. Trading conditions best since we’ve seen since UGC Global Alpha Fund was launched. Wary of a pullback in February.

UGC General Advice Past Performance Warning

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