As is common in early January, markets are drifting, more down than up, as participants get back into gear after the long seasonal break, wait for their analysts to publish 2023 4th quarter data and complete the usual crystal ball gazing. Those analysts are not usually so prompt as your scribe, probably because they need their teams to build deep decks of incomprehensible Powerpoint slides to make their hunches look more convincing!
On that topic, I will be reporting Morningstar’s recent webinar on prospects for European markets in 2024, probably next week. They had a good ration of pretty but not always relevant slides!
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