Making sense of mixed signals

Against long odds, 2023 marked a year of magnificent returns and the return of investor optimism. In our Q1 2024 Equity Outlook, we examine the sustainability of the potentially precarious drivers that, in our view, are underpinning the market rally. We also highlight lesser-known investment characteristics of the Magnificent Seven, as they will likely continue to shake up active-management scorecards in 2024.