Pershing Square CEO Bill Ackman predicts a booming stock market in 2027 once geopolitical conflicts and inflation ease, citing potential falls in energy prices.
01Summary
- 01Ackman said the Ukraine-Russia and U.S.-Iran wars are holding back an otherwise booming market environment.
- 02He believes energy prices could fall significantly once the wars end, which would be positive for inflation and markets.
- 03US oil is up 72% in 2026 and Brent crude has surged 83%.
- 04Consumer prices rose 3.7% year over year in September, with gasoline accounting for half of the increase.
- 05Ackman described Netflix as a stock trading at 18 times earnings and expects mid-to-high teens earnings growth.
02Why it matters
This matters because Ackman's forecast suggests lower energy costs could curb inflation and reduce pressure on the Federal Reserve to keep interest rates high, affecting borrowing costs and investment returns.
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