Outlook

OUTLOOK 2024 HIGHLIGHTS

OUTLOOK 2024 revolved around two significant trends that will forever change the financial structure of the world:

The New World Order - From Unipolar to Multipolar

Artificial Intelligence (AI) - The Fourth Industrial Revolution

Nations are increasingly prioritizing sovereignty over multilateralism, national interests over international cooperation, and local constituencies over global populations, thereby amplifying global volatility and geopolitical tensions. Then there's AI which, to be fair, isn't novel, but its mainstream integration in 2023 marked a pivotal moment. What distinguishes this new wave of technology is its accessibility to the general public and swift integration into workflows with diverse practical applications. ChatGPT became the fastest-growing web platform in history, reaching one million users only five days after going public! The implementation and advancement of AI is poised to upend a wide range of industries, presenting both an opportunity and a threat.

As these two trends accelerate, the world will find itself in a constant state of flux. Their impact will reverberate through financial markets, affecting every country, sector, and business for the foreseeable future. By proactively anticipating risks and uncertainties within these trends, we can position portfolios to capitalize on the opportunities and navigate the challenges that lie ahead.

Now, more than ever, we have to be open and flexible. Remember, it's what you pay!