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Investing in the Future: Budget 2024’s Impact on Financial Markets

International College of Financial Planning

in FY2023, in line with upward revision made by the Reserve Bank of India during December 2023. lakh crore, reflecting vigorous economic activity. Meanwhile, global markets showed varied responses, with the US markets experiencing a downturn on Wednesday. India’s Real GDP is projected to grow by 7.3% to exceed ₹ 1.72

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Dow Knocking on the Door of 40,000

Investing Caffeine

Just this last week, we saw the broadest measurement of economic activity, GDP (Gross Domestic Product), get revised higher to +3.4% growth during the 4th quarter of 2023 (see chart below). Slome, CFA, CFP® Plan. On the jobs front, the unemployment picture remains healthy (3.9%), near a generational low. Trump (Ticker: DJT).

Economics 105
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This Baby Bull Has Time to Grow

Investing Caffeine

The last two months of 2023 finished with a bang! For the full year, the bull market was on an even bigger stampede: S&P 500 +24%, NASDAQ +43%, and Dow +14%. Although 2023 closed with a festive explosion, 2022 ended with a bearish growl. Effectively, 2023 was a reverse mirror image of 2022. Slome, CFA, CFP® Plan.

Economy 98
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12 Best Paying Jobs in Finance in 2023

Good Financial Cents

And while there’s no guarantee that any job will be immune to cutbacks or layoffs, some industries weather economic storms better than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Chief Financial Officer. Financial Examiner.

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Quickly Out of the Gate

Investing Caffeine

The bull market rally broadened out at the end of 2023, but 2024 returned to the leaders of last year’s pack, the Magnificent 7 (see also Mission Accomplished ). Inflation dropping ( see chart below ), the Federal Reserve signaling a decline in interest rates, low unemployment ( 3.7% ), and healthy economic growth ( +3.3%

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Air Bags Deployed to Cushion Bank Crashes

Investing Caffeine

Source: Trading Economics Unfortunately, this unparalleled spike in interest rates contributed to the 2nd and 3rd largest bank failures in American history, both occurring in March. Investors were generally relieved by the government’s response, and the financial markets reacted accordingly. Slome, CFA, CFP ® Plan.

Banking 105
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From Hard Landing to Soft Landing to No Landing?

Investing Caffeine

However, with near record-low unemployment ( 3.4% ) and multi-trillion dollars in government stimulus still working its way through the system, others see an economic soft landing. More recently, economic data has been flying in at an accelerating pace, which could mean the economy will stay in the air and have no landing.

Economy 59