Eyes on December 2024: Will the Bull Run Continue?

As we analyse the movement of the equity markets in the months to come, we see some specific key factors that will influence the direction of the path. Among them, the rising risk of a U.S. recession could negatively impact not only exporter earnings but also capital flows. Further, domestic demand and earnings’ dynamics need to show a recovery from the second quarter onwards while the valuations will play a crucial role. Here is the lowdown on the scenario that will play out.