Russ Mould of A J Bell reckons the most significant number of 2024 was 193, the number of global interest rate cuts. For the most part, markets got what they wanted last year. But at the end, bond yields were telling a different message, one which equity markets didn't believe. As for the UK market, yes it's shrinking in terms of listings but it is relatively cheap despite a decent yield, lots of buybacks and M&A activity. Looking at the top 10 performers is yet another sign that investors should always consider what is unloved and he reminds us that 2/3 of FTSE100 earnings come from overseas.

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