Summer Economic Update
With the final quarter of the year delivering some strong asset class returns, investment portfolios generally ended the year on a very positive note.
Within the current update, the lead article provides an overview of the quarter and highlights several themes, including the prevailing trend for inflation and interest rates, the impact of positive migration and the performance of the ‘Magnificent 7’ large US technology companies.
A more detailed summary of the various market returns through the quarter, and over longer time horizons, is covered in the key market movements section.
The feature article titled ‘2023: Another year that defied the experts’, looks back at various market projections made at the start of last year to remind us that listening too closely to the so called “expert forecasters” can often be confusing, if not detrimental to your financial health.