STOCK MARKET BLOG DECEMBER 2023

by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG

MONTHLY REVIEW

The international stock markets ended the month DECEMBER with gains.

BURDENING FACTORS

  • The expectations that key interest rates in the USA will soon fall again have fueled the stock markets.

EQUITIES IN FOCUS

ALPHABET (GOOGLE) hits two-month high after report that Google will restructure its advertising sales unit.

The Information reported that Google plans to restructure much of its 30,000-employee ad sales division.

Google intends to consolidate staff, including through possible layoffs, by reassigning employees in its customer sales unit.

MONTHLY OUTLOOK

After the price rally last December, a breather is in order. However, the expectation of an imminent interest rate cut by the US Federal Reserve, possibly as early as next February or March, should ensure a good mood among investors. The falling oil price of WTI and Brent as well as the long interest rates in retreat mode are also supporting share prices.

We expect the positive trend on the stock markets to continue in January, after a break in the first trading days.

STOCK RECOMMENDATION: ALPHABET (GOOGLE)

 

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