Soros CIO Says Markets Will Be Painful for More Than a Year

Soros Fund Management Chief Investment Officer Dawn Fitzpatrick said investors are in for a “painful” 18 to 24 months as markets grapple with geopolitical risks and the threat of AI disruption.

“Market participants are dealing with an enormous amount of uncertainty,” Fitzpatrick said on Tuesday at the Bloomberg Invest conference in New York, referring to falling stocks of software companies perceived to be at risk from AI and the conflict in the Middle East, among other factors. “Under the surface, there’s a lot of fatigue from all of that.”