Investing in the Dragon year: No room for complacency
US equities have started a new bullish phase since bottoming out in October 2022. But there is no guarantee the Federal Reserve would always do the right thing
IN TRADITIONAL Chinese folklore, dragons are one of the most powerful animals as they symbolise strength, prosperity and success. We have just entered the lunar Yang Wood Dragon year. The biggest events in the previous Wood Dragon year – 60 years ago – could point us to what lies ahead in 2024.
In 1964, the US experienced the most powerful earthquake in its history at 9.2 magnitude in Alaska. That same year, Europe committed to build the Eurotunnel, and the 1964 Summer Olympics was held in Tokyo, the first in an Asian country.
While there were immense challenges, there were also great opportunities in that Dragon year. Applying this pattern to the investment context in 2024 suggests we would see a volatile market brought about by global challenges, but with the potential for exciting opportunities.
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