Gurus’ ‘Sure Things’ For 2016
Every year, I like to keep track of the predictions that “gurus” and other market observers make for the upcoming year, specifically the ones that they say are “sure things.” It seems like no one in the financial media holds them accountable (which is a shame, since the evidence shows there are no good forecasters), so I will. Today we’ll look at the common predictions for 2016 that I’ve been hearing, from “gurus” and investors alike.
Our first sure thing is that the Federal Reserve will continue to raise interest rates in 2016. That frequently leads to the recommendation that investors limit bond holdings to the shortest maturities.
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