BlockBeats news, October 23 — Pershing Square Capital CEO Bill Ackman believes that the Russia-Ukraine conflict, the Iran war, persistently high inflation and interest rates are suppressing what should be a stronger market environment. However, as geopolitical risks ease and energy prices fall, he expects the market outlook to improve significantly, stating that "2027 will be a stunning year."
In an interview with CNBC on Thursday, Ackman said that if the uncertainty brought by wars fades, especially if the Russia-Ukraine situation also develops positively, energy prices could drop substantially, which would help inflation fall back and benefit financial market performance. He also called the Iran war "an extraordinarily well-executed war" and believes that peace in the Middle East would not only benefit the region but ultimately also benefit the United States.
Presented in partnership with : Trade crypto, US stocks and more global assets in one place

