Macro Themes for 2024 | Guggenheim Investments

Record Global Elections and Geopolitical Instability Will Lift Economic Uncertainty
Technological Innovation and Competition Will Continue to Transform the Economy
Massive Treasury Issuance Will Continue to Weigh on Rates and Crowd Out Other Issuers
The End of the ‘Free Money’ Era Will Burst Lingering Asset Price Bubbles
Commercial Real Estate Stress Will Intensify and Spill Over to Small Banks
Private Credit Will Cannibalize Banks' Role in Leveraged Credit Further
Resilience Gives Way to Bifurcation
Negative Money Supply Growth and Draining of RRP Are Key Risks and May Usher in Deflation
Soft Landing Hopes Will Give Way to (Mild) Recession
Fed Easing Cycle Will Drive Long-End Rates Lower Than Anticipated
Out of Chaos Comes Opportunity in Fixed Income

Access Guggenheim Investments’ 11 Macro Themes for 2024 (PDF)

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