A record-breaking year against all odds! | MarketTalk: What’s up today? | Swissquote

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Here we are, on the last trading day of the year. We had a year completely different than what was expected.

The biggest takeaway of this year is the birth of ChatGPT which propelled AI right into the middle of our lives. Nasdaq 100 stocks close the year at an ATH, Nvidia – which was the biggest winner of this year’s AI rally dwarfed everything that compared to it. Besides Nvidia, ChatGPT’s sugar daddy Microsoft, Apple, Amazon, Meta, Google and Tesla – the so-called Magnificent 7 generated almost all of the S&P500 and Nasdaq100’s returns this year. And thanks to this few handfuls of stocks, Nasdaq100 is set for its best year since 1999 following a $7 trillion surge. The million-dollar question is what will happen next year.

In the FX, the US dollar index rebounded yesterday as treasury yields rose following a weak sale of 7-year notes. But the US dollar is still set for its worse year since 2020. Gold prepares to close the year near ATH, the EURUSD will likely reach the finish line above 1.10 and the USDJPY having tested but haven’t been able to clear the 140 support. In the energy, crude oil remains downbeat. The barrel of American crude couldn’t extend rally after breaking the $75pb earlier this week, and that failure to add on to the gains is now bringing the oil bears back to the market.

Watch the full episode to find out more!

0:00 Intro
0:30 2023 in a few words
3:08 What’s in store for 2024?
6:52 FX update
7:57 Oil set for worst decline since 2020.

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

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16 thoughts on “A record-breaking year against all odds! | MarketTalk: What’s up today? | Swissquote”

  6. Happy new year ipek . I'm new here to your talks and swissquote . I hope to be on live account soon. Or maybe I'll try a funded programme but which is best ? What's the route of most young traders? 😅 . God bless 🙏

    Reply

  8. 2023 has been a difficult year for those, like me, who run their accounts in Swiss francs. The dollar and the euro have lost a lot of value, so any gains in stocks or gold have been lost immediately. The strong franc is really worrying. Let's hope for the best, though.

    Reply

  14. Despite holding some bad positions for too long, it still came out as a sideways bare minimum year for me and I've studied my mistakes a lot and I have been studying the CFTC reports more now. So, I'm still in the game, soldier on lol…and I wish you the happiest of new years, too, Ipek 🙂

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