My friend Steen Jakobsen, Saxo Bank strategist, rather than forecasting the S&P at end of the following year, instead publishes his outrageous predictions for the coming year. Much more interesting and usually quite amusing. I have no idea what his accuracy rate is, but like Byron Wien, this is an exercise in thought provocation more than prediction, and hence is probably a lot more valuable.

This year he talks about China's new digital currency, silver's day in the sun, and the impact of universal basic income. This is holiday reading for me, but if you cannot wait, it's in the library under Markets and Outlook/2021 outlook, or attached here.

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