US Stocks Could Rise 12% This Year as Economic Growth Gathers Momentum

US Stocks Could Rise 12% This Year as Economic Growth Gathers Momentum

US Stocks Could Rise 12% This Year as Economic Growth Gathers Momentum


US stocks could rise 12% this year as economic growth gathers momentum, bolstering demand for risk assets, while pushing US Treasury prices lower, according to Byron Wien VP of Blackstone Group (NYSE:BX)

The Vice President of multi-asset investing at Blackstone Group LP failed to see a 9.5% rally in the S&P 500 last year, missing the mark

For Y 2017, Mr. Wein, 83 anni, anticipates that yields on 10-year T-Notes will approach 4% as GDP expands at a rate of 3%. He expects German Chancellor Angela Merkel to lose her bid for re-election.

His S&P 500 call is higher than the average of analysts surveyed.

“Investors become convinced the US economy is back on a long-term growth path,” Mr. Wien wrote in a statement.

The upbeat forecasts set Mr. Wien apart on a day when others voiced global caution.

Mr. Wien, a former Morgan Stanley (NYSE:MS) strategist, correctly predicted just 1 rate hike from the Fed, and that yields on the benchmark 10-year T-Not would not top 2.5%, he was wrong on Hillary Clinton, and he missed the rally that took Crude Oil past 50 bbl

Tuesday, the US major stock market indexes finished at: DJIA +119.16 at 19881.89, NAS Comp +45.97 at 5429.08, S&P 500 +19.00 at 2257.83

Volume: Trade was heavy on this 1st day of trading in Y 2017, with 1.2-B/shares exchanging hands on the NYSE.

  • S&P 500 +0.9% YTD
  • NAS Comp +0.9% YTD
  • DJIA +0.6% YTD
  • Russell 2000 +0.5% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.36) Bullish (0.29) Bullish (0.44) Bullish (0.35)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.32) Neutral (0.23) Neutral (0.17) Very Bullish (0.56)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.25) Bullish (0.35) Neutral (0.04) Bullish (0.36)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.42) Bearish (-0.34) Bearish (-0.42) Very Bearish (-0.51)

Stay tuned…


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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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