In this special edition of Market View, we’re going to let our imagination run wild and look at a series of Outrageous Predictions for 2024. 

Done by online trading and investment firm Saxo annually, the predictions focus on a series of unlikely but underappreciated events which, if they were to occur, would send shockwaves across financial markets. 

The title for this year’s predictions is called “The End of the Road” – for complacency that is. Entering 2024, Saxo sees a world at an inflection point, with the familiar road of the last decade coming to an end. 

What that means, according to Saxo’s Chief Investment Officer, Steen Jakobsen, is that the smooth road the world has travelled on since the Great Financial Crisis, with stable geopolitics, low inflation,and low interest rates has now been disrupted, and that we now see a future filled with unpredictability ahead of us. 

Some of his out-of-the-box predictions include: oil prices at US$150, Saudi buying the Champions League franchise, the world hit by a major health crisis due to obesity drugs, Generative AI deepfakes triggering a national security crisis, and luxury shares plunging on an EU wealth tax.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the predictions with Steen Jakobsen, Chief Investment Officer at Saxo.