US Stock Markets - Economic Review and Market Outlook

• The US economic activities have been seeing a decent recovery since the Covid-19 period despite the elevated interest rate environment as well as heightened inflationary pressure environment; the US GDP grew 5.2% QoQ in 3Q23.
• Based on the recent FOMC meeting, the Fed is likely to maintain the interest rate at least for the near term and expecting to have 3 cuts by 2024. This should provide upside potential towards the global stock market overall.
• Given this scenario, we expect there will be opportunities in the US by exploring the ETFs that are listed on the US exchange.

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