Goldman's Rates Guru Sees 4 Fed Cuts In 2024, A "Great Year" For China, & Dollar Weakness

Having nailed 6 of his 9 predictions for 2023 (range-bound 10Y UST, BoJ YCC elimination, and an out-of-consensus US 'soft landing call among others), Goldman Sachs' Joshua Schiffrin is worthg paying attention to every January when he unveils his best guesses at the year-ahead (not a Byron Wien-esque set of far-fetched possibilities).

The global co-head of rates strategy and trading expects 2024 to be "a different kind of year than the past four" with choppy, range-bound trading as opposed to big trends; likes Chinese stocks (via options), and sees the dollar weaker as the disinflatioanry trend continues throughout the year.