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Published Jan 8, 2024

Prof G Markets: Breaking Down 2024 Predictions + Audience Comments and Pushback

Scott Galloway and Ed Mylett explore bold predictions for 2024, delving into political and economic shifts with potential market booms driven by AI and housing, alongside tech industry trends and stocks to watch, promising a riveting analysis of what's to come.
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  • Political Predictions

    and explore the political landscape of 2024, highlighting significant predictions. Ed forecasts a strong third-party presence in the U.S. presidential election, potentially surpassing Ross Perot's 1992 record. He also anticipates geopolitical tensions, including the testing of an above-ground nuclear bomb by major powers like Russia or China 1. Scott, on the other hand, predicts a rightward shift in the EU electorate, unseen in current polls, and expresses skepticism about the U.S. electing a president with a criminal record 2.

    I just don't see how the odds lead anywhere but some sort of prison sentence. I just don't think America is going to send someone in an orange suit to the White House.

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    These predictions underscore the potential for significant political shifts in the coming year.

       

    Market Predictions

    In the realm of market predictions, Scott identifies Disney and Warner Bros. Discovery as promising stock picks for 2024. He believes Disney's iconic assets and Warner Bros.' debt reduction strategy position them for substantial growth 3. Scott also notes a shift in tech investment, considering diversifying from tech stocks like Apple and Amazon into credit instruments, which offer attractive returns 4.

    I think their downside is somewhat limited, and I think they offer kind of, I don't know, 30% to 60% upside.

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    This analysis reflects a cautious yet optimistic outlook on specific market sectors.

       

    Geopolitical Predictions

    Geopolitical predictions for 2024 suggest significant shifts, particularly involving Saudi Arabia. Scott acknowledges the kingdom's rapid reforms, viewing them as a pivot towards capitalism and away from extremism 5. He also discusses the ethical dilemmas of engaging with nations like Saudi Arabia, despite their human rights violations, emphasizing the complexity of geopolitical alliances 6.

    The question is, do we not do business with the kingdom moving forward because they murdered a U.S. resident journalist?

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    These insights highlight the intricate balance between moral considerations and strategic interests in global politics.

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