Saxo Bank predicts 'ugly end' to complacency bubble in 2018

SINGAPORE (Dec 8): Following a generally smooth-sailing year for global risk assets – one that came as a shock to bears and gold bugs expecting 2017 to be the year of volatility – Saxo Bank now sees the pendulum swinging back in favour of pronounced volatility risks, or in short, an “ugly end to the complacency bubble”. 

The online multi-asset trading and investment firm on Thursday published its annual Outrageous Predictions report for 2018, featuring 10 predictions focusing on a series of unlikely but underappreciated events with the potential to shock financial markets, due to the likely misallocation of risk among investors.

While these predictions should not be considered as an official market outlook by Saxo, the bank’s chief economist Steen Jakobsen highlights that they should be, instead, interpreted as events and market moves deemed outliers with huge potentials for upsetting consensus views.

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