While these predictions are not Saxo Bank's official market forecasts, they serve as a reminder for investors to consider all potential outcomes, including those that seem far-fetched. The bank emphasizes that these outrageous predictions are a deliberate effort to push the boundaries of market participants' imaginations and prepare them for any eventuality. Despite their outrageous nature, several of Saxo's past predictions have come true, including the S&P 500 shedding a quarter of its value in 2008, the UK's decision to leave the EU in 2015, and bitcoin's price tripling in 2017.
Key takeaways:
- Denmark's Saxo Bank has released its annual list of outrageous predictions for 2024, including Robert F. Kennedy Jr. winning the US presidential election and an AI deepfake security crisis.
- The bank describes these predictions as unlikely but underappreciated events that could significantly impact the global economy and financial markets.
- Other predictions include crude oil prices spiking to $150 a barrel, a global health crisis triggered by obesity drugs, and the European Union introducing a "Robin Hood"-style wealth tax causing luxury stocks to crash.
- While these predictions are not Saxo Bank's official market forecasts, they serve as a reminder for investors to consider all potential outcomes, including those that seem far-fetched.