Notes
- Lower Inflation Around the Globe Should Allow Central Banks to Cut Rates, While US Equities May Reach a Record Level of 5000 on the S&P by Year-end
- 2023 defied almost everyone's expectations: recessions that never came, rate cuts that didn't materialize, bond markets that didn't bounce, except in short-lived, vicious spurts, and rising equities that pained most investors who remained cautiously underweight