If you want to get a good idea of where the stock market is going in 2017, it might be a good idea to see what the “smart” money is doing. In this case, it’s George Soros, the founder of the $4.5-billion Soros Fund Management LLC and the 23rd wealthiest person in the world. What is George Soros predicting for 2017?
Soros has a comprehensive understanding of the U.S. and global markets, and the U.S. economic outlook for 2017. Soros famously made $1.0 billion in a single day, back in 1992 when he bet against the British pound. So we know he’s not afraid to make a big bet on something he’s sure of, even if the prevailing wisdom suggests otherwise.
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