Blackstone Vice Chairman Byron Wien releases an annual list in which he makes predictions for the upcoming year. Wien calls it his “Ten Surprises” list. Many analysts consider Wien’s annual list a must-read. Wien has 50 years of experience on Wall Street and has been publishing his list since he was the chief investment strategist […]
The world’s richest are bracing for a potential market meltdown. A majority of wealthy investors anticipate a substantial drop in the market before the end of 2020. What steps are these investors taking to prepare for the drop? According to a survey conducted by UBS Wealth Management, these investors hold approximately 25% their portfolio assets […]
Jeremy Siegel, a lauded professor of finance at the University of Pennsylvania’s Wharton School of Business, says his significant concern for the market in 2020 is that investors will act too recklessly. “Actually, one of the dangers is that people could be throwing risk to the wind, and this thing could be a runaway,” said Siegel. […]
Billionaire investor Paul Tudor Jones is a big fan of the current market. In particular, Jones believes that the US economy is feeling the boost of both lower taxes and a lax monetary policy. “We’ve got an explosive combination of monetary and fiscal policy right now,” said Jones. Jones continued, “We’ve got a 5% budget deficit […]
American multinational investment bank and financial services company Goldman Sachs says the worst of the economic slowdown may be behind us. “This easing in financial conditions suggests not only that global growth is likely to pick up somewhat in absolute terms, but also that growth may come in stronger than currently predicted by the forecaster community,” wrote […]
Joe Davis is the chief global economist and head of investment strategy at Vanguard, which currently manages $5.6 trillion for investors. Recently, Davis has been warning of a ”large drawdown” in stocks. Many economists believe the market has bottomed out for the time being, and will only grow from here on out. Joe Davis is no […]
A recent bearish and contrarian call came as a surprise to many on Wall Street — because it comes from a longtime stock bull. “The one thing that people are kind of missing out [on] here is that earnings in the United States are still decelerating,” says Richard Bernstein, CEO and chief investment officer of Richard […]
Modern Monetary Theory, MMT, is an economic idea that has found support with progressive politicians such as Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez. The principle behind MMT is that the government can print more money to pay for deficit spending. Scott A. Wolla, of the St. Louis Fed, and Kaitlyn Frerking, a student at […]
Bridgewater Associates LP recently took a $1 billion position that markets will tumble by March — right around the time the Democratic Party has settled on a candidate for 2020. This bet is one of the biggest bearish bets against the market. To profit on the bet, either the S&P 500 or the Euro Stoxx […]
