I’m a fan of market commentary by Byron Wien.
He is very experienced and has an excellent understanding of fundamental economic factors. Byron Wien is a chairman of Blackstone Capital Partners and gives monthly market commentary.
His latest article “low volatility is here to stay” can be read over here.
The whole article is worth reading, but 3 main takeaways from the article are:
- There are no signals that warn for a bear market or recession
- The market is responding positively on the election of Donald Trump
- Byron Wien thinks we have a favorable market for equities at least until 2019
In a CNBC interview posted below, he gives similar commentary. He also gives his opinion on Bitcoin.
I understand the following 3 takeaways:
- Markets don’t have to worry about Bitcoin
- Bitcoin is sui generis (I had to rewind this 5 times and look it up) and means “one of a kind” or “Unique”
- Bitcoin went over 4000 and dropped without affecting the market
Today BTC went over USD 7’000 and I’m curious how it will continue.
Do you agree with Byron Wien?
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