about 4 years ago • 2 mins
American investment titan Blackstone may be the world’s biggest alternative asset manager, but that didn’t stop two of its bigwigs from this week sharing their predictions for stock markets in 2020 🤨
Blackstone is perhaps best known for its enormous real estate portfolio, but it’s also big on private equity investment. And as its recent experience with data provider Refinitiv proves, it often does pretty well out of that…
At any rate, when senior investors helping to look after $554 billion share their views, people take notice. And the annual prediction of “Ten Surprises” compiled by two of Blackstone’s influential strategists – “surprises” being events most pros would only assign a 30% chance of happening – is particularly thrilling this year.
A full-fat US-China trade deal is keenly anticipated by investors – but the Blackstone bunch predict this will disappoint those keen on revived stalled technology trade between the two nations. Elsewhere on the tech front, the strategists see driverless cars hitting a wall – and the FAANGs coming under increased pressure.
Even if you only invest in funds tracking overall markets, rather than individual stocks, you should pay attention. The Blackstone bigwigs see the US market in particular doing well overall in 2020, but they also think we’re in for greater volatility – and at least a couple of “corrections”. What’s more, their 2019 predictions turned out to be pretty accurate…
Want to get another perspective on what the year could hold in store? Head on over to our brand-new 2020 Outlook Pack. And if you fancy your chances following in Blackstone’s footsteps, check out our Packs on Alternative Investments and US Property ✌️
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