Economic disappointment, no phase-2 deal, and the Boeing 737 Max's return to service: Here are Byron Wien's 10 surprises for 2020
- Byron Wien, Blackstone's vice chairman, released his "Ten Surprises for 2020" list on Monday. Joe Zidle, chief investment strategist in the Private Wealth Solutions group at Blackstone, assisted in creating the list.
- Wien has released the annual list of his views on economic, financial market, and political surprises that he sees as "probable" in the year ahead since 1986.
- Here are Wien and Zidle's "Ten Surprises for 2020."
- Read more on Business Insider.
For 2020, Blackstone Vice Chairman Byron Wien has a number of surprising predictions, including an S&P 500 rally above 3,500, a return to service for the beleaguered Boeing 737 Max and the nonappearance of a phase-two deal between the US and China.
These predictions are a part of Wien's annual "Ten Surprises" list. For 35 years, Wien has released a list of his views on economic, financial market, and political surprises that he sees as "probable" in the year ahead.
On Monday, Wien released his list for 2020 along with Joe Zidle, the chief investment strategist in the Private Wealth Solutions group at Blackstone. Zidle joined Wien in creating the list in 2018.
A surprise is "an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is 'probable,'" according to the Monday report. That means that Wien thinks the chance of the event happening is 50%.
The "Ten Surprises" list was started by Wien in 1986 when he was the chief US investment strategist at Morgan Stanley, according to the report. He continued the tradition even when he joined Blackstone in 2009 as a senior adviser.
Here are Wien and Zidle's 10 surprises for 2020: