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Ackman is bullish on 2027 U.S. stocks in the year: If war and inflation cool, the market will see a strong 1 year

BlockBeats reports,October 23, Bill Ackman, CEO of Pershing Square Capital, believes that the Russia-Ukraine conflict, the Iran war, persistently high inflation and interest rates are weighing on what would otherwise be a stronger market environment. But as geopolitical risks ease and energy prices decline, he expects the market outlook to improve significantly, saying, "2027 will be an amazing 1 year."

Ackman said in an interview on Thursday with CNBC that if uncertainty stemming from the wars dissipates, especially if the Russia-Ukraine situation also moves in a positive direction, energy prices could fall substantially, benefiting the easing of inflation and financial-market performance. He also described the Iran war as "an exceptionally well-executed war," and believes that peace in the Middle East would not only benefit the region, but would ultimately also benefit the United States.

Original link https://m.theblockbeats.info/flash/373291