JP MORGAN ASSET MANAGEMENT: 5 shock predictions for 2017
The year has been defined by the Brexit vote, the election of Donald Trump as US president, and the resignation of Italy's prime minister.
There have also been wild swings in financial markets as the pound crashed to a 31-year low against the dollar, US markets hit dozens of record highs, and China continued to devalue the renminbi.
Markets have surprised with their reactions to major events - pretty much everything but the pound recovered soon after the Brexit vote and US assets recovered almost immediately after Trump's victory, taking just a few hours to erase any losses.
What 2017 holds is anyone's guess, but with elections in France, the Netherlands, and possibly Italy coming up, Trump moving into the White House, and Britain set to trigger Article 50, uncertainty will likely reign supreme once again.
JP Morgan Asset Management's Global Head of Fixed Income, Bob Michele, has made some market predictions for 2017 that are unlikely but could end up proving true in the current topsy-turvy environment.
Here are Michele's five "realistic surprise predictions":
- Welcome to the white-collar recession
- Singapore Airlines was ordered to pay a couple compensation for 'mental agony' after they complained their business-class seats didn't automatically recline
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- “Wish to follow in the footsteps of PM Modi!” ‘Anupamaa’ star Rupali Ganguly joins BJP
- “Wish to follow in the footsteps of PM Modi!” ‘Anupamaa’ star Rupali Ganguly joins BJP
- Assassin’s Creed Mirage on iPhone 15: Killer game to debut on Pro and iPad on June 6
- 5 worst cooking oils for your health
- From fiber to protein: 10 health benefits of including lentils in your diet
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market