Billionaire investor does not expect market returns US stocks in the next 3 – 5 years
Even if Democratic Joe Biden wins the upcoming elections in the United States, this will not mean good profits in the market shares. It is not worth expecting it over the next 3 to 5 years, believes famous billionaire investor Stanley Druckenmiller. Now players are inclined to believe that if a democratic the party will come to power, funds will be quickly allocated to support economy, which will support the growth of securities. However, according to Druckenmiller, even in this scenario, the stock market is not worth expect great returns. For the next few years, restraining factors will be tax increases and high inflation. It is unlikely that the stock market will be able to bring income in the next years due to large volumes of public debt, the investor believes. He sees potential in gold and bonds. According to his forecast, in 4 years the cost of the former and the profitability of the latter will increase. In the same time, the unemployment rate will continue to remain quite high at 7%.