Moomoo SG wrote a post · Oct 21, 2024 17:12

In case you missed it: Key highlights from MooSummit 2024!

Nearly 300 investors attended our first-ever US-focused event – MooSummit 2024 – on Saturday, and as the dust settles on the event, one thing is clear: investors aren’t just sitting around waiting for market volatility to pass, they are taking matters into their own hands and searching for the path forward.

Investors are expecting an exciting close to the year— Fed moves, a presidential election that’s expected to go down to the wire, AI innovations, you name it—MooSummit attendees aren't just prepared. They're poised to turn market movements into home runs.

We kicked off the event with a market outlook presentation by our chief market strategist Isaac @Trader’s Edge, where he provided his insights on the global market outlook for 4Q2024, setting the stage for the panels to come.

Source: MoomooSingapore

Source: Moomoo Singapore

Global markets have remained surprisingly resilient this year, particularly in the US, where a tech-driven rally has contributed strongly to continued outperformance in the major indexes.

To the naysayers who believe the AI boom is coming to an end, Isaac’s response is simple – AI is just in its infancy with widespread adoption to other sectors only just beginning.

On the interest rate front, the US Fed has kickstarted what is expected to be a series of interest rate cuts, in a move that is expected to be mirrored by major central banks around the world. With the Bank of Japan set to be the only major central bank to continue raising rates, investors are looking at an interest rate convergence – meaning the spread between interest rates will start to narrow further.

What this means for investors is that the US Treasury products and the yen carry trade will become less attractive, while we could see capital rotation into the US and emerging markets.

Yet, despite the generally bullish outlook, investors should also be careful about volatility, given rising geopolitical tension in hotspots around the world and potential trade wars should Trump win the elections.

Source: MoomooSingapore

More than just tech

Against this backdrop, Isaac identified 3 key opportunities for investors:

1. Keep an eye on sectors outside of tech. Utilities has evolved beyond its traditional defensive label – it is now a key beneficiary of AI’s insatiable appetite for ever more power

2. Developed markets are looking a little rich. Look to have exposure to emerging markets to get on the AI supply chain bandwagon. In particular, keep a close eye on Chinese markets given the bullish momentum that we’re seeing on the charts

3. Flight to gold as a store of value and a hedge against potential black swan events

And that’s a wrap for Isaac’s 4Q market outlook Thank you Moo-ers for joining us at MooSummit 2024!

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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