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2023: A Strong Year for Global Equity Markets
Following one of the worst years in markets since 2008, global equities rallied in 2023 shrugging off Wall Street’s negative predictions at the start of the year, delivering strong returns to their investors.
During the year global markets were marked by a banking crisis, volatile bond yields that reached 16-year highs, and several instances of geopolitical turbulence. Still, equity prices rallied fuelled by a frenzy in AI stocks, blindsiding most Wall Street forecasters, while bonds managed to pull a last-minute come-back with prices advancing just before year end.