Out of all the forecasts for 2014 that we get stuffed down our throats at the end of ’13 and first few weeks, there are very few that I care to sit down, read carefully and think about. Byron Wein of Blackstone is one of those, enjoy the list below and go to the link to read the whole article.
1. We experience a Dickensian market with the best of times and the worst of times. The worst comes first as geopolitical problems coupled with euphoric extremes lead to a sharp correction of more than 10%. The best then follows with a move to new highs as the Standard & Poor’s 500 approaches a 20% total return by year end.
2. The U.S. economy finally breaks out of its doldrums. Growth exceeds 3% and the unemployment rate moves toward 6%. Fed tapering proves to be a non-event.
3. 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. Continue reading Byron Wein’s top 10 surprises for 2014