Sun, Oct 23, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Byron Wien predicts correction and new highs in 2014

Tuesday, January 07, 2014

Komfie Manalo, Opalesque Asia:

Byron R. Wien, vice chairman at investment and advisory firm Blackstone Advisory Partners has predicted that the worst geopolitical issues, coupled with euphoric extreme would lead to a sharp correction of more than 10% in the global economy in 2014. However, this will be followed with a move to new highs as the Standard & Poor's 500 will record a 20% total return by year end.

These were part of Wien’s 10 economic, financial market and political surprises that he predicted in 2014. He started the tradition in 1986 when he was the Chief U.S. Investment Strategist at Morgan Stanley. Wien defines a "surprise" as an event which the average investor would only assign a one out of three chance of taking place but which he believes is "probable," having a better than 50% likelihood of happening.

In the U.S., the economy will finally break out of its doldrums and will grow by more than 3% and the unemployment rate moves toward 6%. Fed tapering will prove to be a non-event, he said. "The strength of the U.S. economy relative to Europe and Japan allows the dollar to strengthen. It trades below $1.25 against the euro and buys 120 yen," Wien said.

He also described Japanese Prime Minister Shinzo Abe as the only world leader who understood that Dick Cheney was right when he said that deficits don’t matter. Abe, he said,......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p