From CNBC · Paulina Likos · · 1m 20s
Ackman sees amazing 2027 as wars and inflation ease
Pershing Square's Bill Ackman says geopolitical conflicts and high energy prices are holding back markets now, but peace could unlock strong gains next year.
In brief
Pershing Square's Bill Ackman says geopolitical conflicts and high energy prices are holding back markets now, but peace could unlock strong gains next year. Bill Ackman told CNBC that ending the Ukraine-Russia and U.S.-Iran wars would lower energy prices, ease inflation, and make twenty twenty-seven an amazing year…
Wars and inflation holding back markets
Pershing Square CEO Bill Ackman told CNBC on Thursday that two geopolitical conflicts, the Ukraine-Russia and U.S.-Iran wars, along with elevated inflation and interest rates are restraining an otherwise booming market environment.
“Once the overhang of the war is done, and it sounds like we're also potentially heading in the right direction with Russia-Ukraine, energy prices could come way down”
Oil prices surging in twenty twenty-six
U.S.oil is up seventy two percent in twenty twenty-six, while Brent crude has surged eighty three percent.Higher crude prices have pressured stocks all year as traders fear elevated energy costs will drive up inflation.
Inflation remains stubborn despite Fed efforts
Gasoline prices accounted for half the increase in the latest consumer price index report. Consumer prices rose three point seven percent year over year in September, moving away from the Federal Reserve's two percent target.
Netflix trading at historic low valuation
Ackman said Netflix is trading at eighteen times earnings, one of the lowest valuations in history, and expected to post earnings growth in the mid to high teens for the foreseeable future.
“Netflix is a high growth utility”
The key point
Bill Ackman told CNBC that ending the Ukraine-Russia and U.S.-Iran wars would lower energy prices, ease inflation, and make twenty twenty-seven an amazing year for stocks.
