The stock market year 2023 in figures. Stefan Kühn takes stock.

The stock market year 2023, which differed significantly from its predecessor, was characterised by surprises and strong fluctuations. Renowned business economist and economist Stefan Kühn analyses the performance of the most important assets compared to the previous year 2022 and points out the remarkable momentum:
Bitcoin: +160% (-64%), Nasdaq: +57% (-34%), S&P500 Growth stocks: +28% (-29%), S&P500: +25% (-18%), DAX: +22% (-13%), US Value stocks: +21% (-5%), Gold: +13% (-0.4%), Emerging Markets Equities: +6% (-20%), US Treasuries: +/- 0% (-20%), Platinum: -8% (+8%), Oil: -11% (+9%), Natural Gas: +300% (-56%)

Stefan Kühn points out some striking points:
1. high volatility: the strong fluctuations show the volatility of the market.
2. influence of the "Magnificent 7%": Only 7% of stocks are responsible for 60% of the performance of the S&P500, while the remaining 493 stocks contribute only 8%.
3. challenges for Apple: Apple's former growth momentum could not be maintained as the company is reaching its growth limits.
4. S&P500 value stocks as an attractive investment: Compared to S&P500 growth stocks and the overall index, value stocks lost significantly less and almost achieved a similar return as the S&P500 in 2023. Over a period of two years, they thus performed better.
5. success of AI euphoria for the NASDAQ: The enthusiasm for artificial intelligence had a positive impact on the NASDAQ, which emerged as a major beneficiary.

The large differences in the performance of various asset classes in the stock market year 2023 emphasise the need for a diversified strategy on the markets. This diversification is seen as crucial to hedge against the volatility and uncertainties that have characterised the past year. Stefan Kühn, experienced business economist and economist, sheds light on the challenges and opportunities of the stock market year 2023 and emphasises the importance of sound analysis and a flexible investment approach in a volatile market environment.

Stefan Kühn takes a look at the coming stock market year 2024 and presents his forecast, taking into account political and global economic trade relations as well as current government influence on the money market. The year 2024 offers a variety of challenges and opportunities that are closely linked to the political and economic landscape.
Political uncertainties could continue to cause volatility on the markets due to geopolitical tensions, ongoing trade conflicts and the development of relations between major economic powers. Global trade relations are strongly influenced by changes in trade agreements, customs tariffs and international agreements. In addition, government strategies and interventions to influence economic conditions can have a significant impact on the money and equity markets. Measures to combat inflation, interest rate policy and budget spending can influence market conditions.

Investors are likely to look for a balanced and diversified portfolio to hedge against potential risks. Sectors such as renewable energy, technology, healthcare and e-commerce could remain at the centre of attention, while traditionally stable sectors could be impacted by government intervention.
Equity markets could remain volatile as investors react to political developments, monetary policy decisions and macroeconomic indicators. Central banks could adjust their monetary policy in response to economic changes and thus have a significant impact on the markets.

Further technological innovations and the development of new business models, particularly in the areas of artificial intelligence, renewable energies and digital transformation, could continue to have a positive impact on the performance of individual equities.
However, Stefan Kühn emphasises that forecasts are subject to uncertainty and can be influenced by unforeseen events. Investors and market observers are therefore urged to remain vigilant, diversify broadly and adapt to current developments.

This forecast by Stefan Kühn reflects a general view of the stock market year 2024 and is based on current economic and political trends. However, it is important to emphasise that the future of the financial markets can take unpredictable paths.