Amundi’s 2024 Investment Outlook

   

 2024 Midyear Market Outlook

2024 Midyear Market Outlook - Equities

Are we due for a recession in the US? In his mid-year outlook for the second half of 2024, Marco Pirondini, Amundi’s US Chief Investment Officer, addresses the slowing US economy, fragmented global growth, the potential long-term risks of the growing US deficit, and the overvaluation of some parts of the US market.

2024 Midyear Market Outlook - Fixed Income

In his outlook for the second half of 2024, Jonathan Duensing, head of fixed income and portfolio manager at Amundi US, looks at important elements affecting today’s fixed income markets, including US immigration, labor levels, and the US budget deficit.  

   2024 Investment Outlook 

Opportunities lie beyond precarious path to growth

  • Turning tides in growth, inflation and monetary policy could generate opportunities for investors to rotate from a more defensive to a more constructive stance during the year.
  •  Adding duration is the mantra entering into 2024, as government bonds now offer an attractive asymmetric profile with appealing upside potential and limited downside.
  • With the peak of inflation, rates, and the US dollar likely behind us, we suggest investors reconsider emerging markets as a key performance engine.

   

 Read our 2024 Outlook 

   

Featuring Insights from:

Vincent Mortier
Group Chief Investment Officer, Amundi

Monica Defend
Head of Amundi Investment Institute & Chief Strategist

Marco Pirondini
Executive Vice President
Chief Investment Officer, US
Portfolio Manager

Jonathan Duensing
Senior Managing Director
Head of Fixed Income, US
Portfolio Manager

Craig Sterling
 Managing Director
Head of Equity Research, US
Portfolio Manager

Ken Taubes
Executive Vice President
Portfolio Manager

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EXP-2025-06-28-ADID-3671592-1Y-T