Janus Henderson’s portfolio managers highlight several risks for US equities in 2024. Narrow job growth, concentrated in sectors like hospitality and healthcare, may slow broader economic momentum. Also, a further slowdown in consumer spending poses a risk.
The return on investment in AI capital spending is another highly discussed market issue. “While AI offers immense potential as a productivity tool, the vast capital invested in AI infrastructure by tech giants needs to generate returns,” said Janus Henderson portfolio manager Brian Demain. “If AI proves to be a valuable productivity enhancer and delivers strong gains to those that have adopted it, the AI-spending boom will likely continue. Conversely, subpar gains could significantly slow the pace of investment,” he added.
Read the full insight here.
Read more
Columbia Threadneedle Investments
What’s next for the US in 2025?
US equities remain attractive despite high valuations, but rising government debt could pose a threat to bond markets.
Quant Investing
AI and quantitative investing
Artificial intelligence applications go way beyond stock selection.
Schroders
Looking ahead: 30-year return forecasts
Higher returns are expected across asset classes, driven by stronger productivity growth for equities and elevated long-term central bank rate projections for bonds.
Bellevue Asset Management
Demographics and AI drive MedTech stocks
MedTech investment case: What makes it attractive, which trends stand out?
