Byron Wien Predicts 15% Rally in S&P in 2019

Blackstone vice chairman Byron Wien said he expects a “major comeback to new highs for the stock market in 2019” according to an article in CNBC.com. In an interview with CNBC’s Squawk Box, Wien offered a preview of his 34th annual list of year-ahead economic, financial market and political surprises—a tradition he began in 1986 as chief U.S. investment strategist at Morgan Stanley. Here is a summary of the list: A weakening world economy will… Read More

Bryon Wien’s Sobering Thoughts on World Markets

“The ‘Leave’ outcome is a setback for growth in Britain, Europe and around the world at a time when economies are generally struggling. Not a good sign for markets for the rest of the year,” writes Blackstone strategist Byron Wien in a recent article for Barron’s. Wien references the opinion of Bard economic historian Walter Russell Mead, who believes that Brexit and nationalism are generally born of a “systemic crisis” related to: Economic vulnerability of… Read More