Sacks @ 00:22:07Inconclusive
markets
Stanley Druckenmiller’s central outlook, as endorsed and discussed by Sacks, is that over the ten years following roughly October 2022, the Dow Jones Industrial Average will be approximately flat, trading at about the same level in 2032 as it did in late 2022.
And his prediction now is his central outlook is that the Dow Jones will be in the same place where it is today in ten years.View on YouTube
Explanation
Sacks is endorsing Stanley Druckenmiller’s 10‑year outlook from roughly October 2022 to around October 2032. We are only about three years into that window, so the core claim (where the Dow will be in 2032) simply cannot be tested yet.
For context:
- Around the end of October 2022, the Dow closed at about 32,733 (October 31, 2022). (statmuse.com)
- As of late November 2025, the Dow is around 47,700, having hit multiple new record highs and showing an 11.9% gain for 2025 and substantial gains since 2022. (statmuse.com)
Even though the Dow has risen well above its 2022 level so far, Druckenmiller’s and Sacks’s prediction is specifically about the level in 2032, not about the path along the way. With roughly seven years left in the forecast horizon, it’s too early to label the prediction as right or wrong.