It’s the final edition of Bull & Bear before Christmas and both our protagonists are in disagreement over how they expect the market is going to recover in the coming few years.

Bull, ever the optimist, believes the market will make a sharp ‘V’- shaped recovery and Capital Growth will begin improving next year.
Bear tempers his expectations, citing a prolonged period of high interest rates keeping Capital Growth stagnant and suggests the market will look more like a dragged out ‘U’.
Bear goes on to make the case that investors need to prioritise their Income Return in order to maximise value through this period of low Capital Growth.
The duo agree to settle on a subdued 2024 but expect the market to begin improving in 2025-26.
Enjoy your Sunday.