In 2023, US financial markets defied widespread expectations of an economic slowdown to generate one of the best performances in history. Looking ahead, projections seem a bit more evenly balanced, though the tilt is towards a ‘soft landing’. We look back at history, and examine the implications of the facts deviating from this dominant narrative.
![](https://asascapital.com/wp-content/uploads/2024/07/19-july-2024-1-300x200.webp)