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Peter Davis

An writer at FOMOdrive

  • Dec 05, 2023
  • 3 min read

Saxo Bank has again shocked everyone with its forecasts for next year

Saxo Bank, based in Denmark, has released its annual "shock forecasts" for the upcoming year, as is customary in December.

Attention from investors is drawn to events with a low likelihood of occurring, yet could have a major effect on financial markets if they do come to pass.

By mid-year, oil is expected to reach $150 per barrel. This will be a major factor in the success of Saudi Crown Prince Mohammed bin Salman's plan to create the World Champions League by purchasing the UEFA Champions League franchise.

If Robert Kennedy Jr. is successful in his bid for the US presidency, it could signal a new dawn in American politics. The end of plutocracy and inequality, as well as the end of unjust wars, could be on the horizon. This could have a significant impact on the stock market, with defense, pharmaceutical and healthcare stocks likely to suffer, while internet monopolies and big tech companies could experience increased volatility.

The recent health crisis has caused a surge in demand for a new anti-obesity drug, which will discourage people from exercising. This has had a major impact on the food industry, with shares of McDonalds and Coca-Cola expected to outperform the overall market by 60%.

Due to the potential for deepfakes to create a national security crisis, governments are beginning to pass strict laws to protect against the misuse of artificial intelligence. This will have a major impact on social networks and media outlets, as they will be required to adhere to the new regulations set forth by US and EU authorities. As a result, only government-approved organizations will be allowed to share news.

The US government's decision to exempt income from government bonds from taxes will be the final nail in the coffin for capitalism in the USA. This move will cause a "sharp jump" in bond yields, making it more expensive to hold risky assets. As a result, the stock market will take a hit in 2024, with the exception of stocks of large companies. This dramatic shift of money from private to public corporations will mark the end of capitalism in the USA.

The creation of a "Club of Rome" for trade negotiations by countries with large current account deficits could lead to a destabilization of the world's reserve currencies, thus diminishing trust in the fiat monetary system. This could create a wealth of opportunities for gold, silver, and cryptocurrencies.

A shock is expected to reverberate through global bond markets as Japan announces its decision to abandon its bond yield curve control policy. This will cause Japanese investors to bring their money back home, resulting in a strengthening of the yen and a drop in USD/JPY below 130.

Amidst the ever-present danger of social upheaval, increasing inflation, aid to Ukraine, and the battle against climate change, the EU is set to implement a yearly tax on billionaires of 2% of their wealth. This will cause a ripple effect throughout the European luxury sector, resulting in a plummet in the stocks of luxury giants.

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