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Analysis

This strategist says most others are wrong; trouble is, so was he

A wrong call by funds management giant Fidelity shows the challenges of market predictions.

Aaron Patrick

Some predictions survive longer than others. Salman Ahmed, a top strategist at Fidelity Investments, made one for 2023 that didn’t make it past the new year.

In the mega-fund management’s yearly forecasts, published last month, he referred to “tentative signs” in China of the relaxation of tight anti-pandemic controls, which he said would happen “slower than expected”.

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Aaron Patrick was a senior correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/markets/equity-markets/the-perils-of-predicting-the-future-20230106-p5cavx