Market Commentary Outlook 2024: Bonds overweight for the first time in many years

Investors should rethink their positioning ahead of the coming year, according to Till Christian Budelmann, Chief Investment Officer of the private bank Bergos. The higher level of interest rates and the economic outlook have fundamentally changed the investment landscape. Investors can earn money on bonds again, while the return prospects for equities appear to be limited. According to Budelmann, the big US technology stocks will no longer be the main drivers of stock markets in 2024. He is now looking at smaller-cap stocks as well.