Market Commentary

by Byron Wien

Blackstone is pleased to offer the following Market Commentary by Byron Wien to share his thinking on global economic developments, market insights and other factors that may influence investment opportunities and strategies.

Byron Wien is a Vice Chairman

  • Nov 27, 2017

    The Upside of Unintended Consequences

    There is no question that there has been a rise in populism around the world during the last two years and it is continuing.
  • Oct 26, 2017

    China’s Critical Role in Technology and Geopolitics

    For some time now I have been concerned about the state of American competitiveness looking out a decade ahead.
  • Oct 03, 2017

    Low Volatility Is Here to Stay

    In my conversations with institutional investors I find a surprising lack of optimism about the outlook for equities.
  • Aug 31, 2017

    Comparing Risk and Opportunity

    Every year in August I organize four lunches for serious investors on successive Fridays in eastern Long Island.
  • Jul 26, 2017

    Some Speed Bumps Slowing the Bull

    I continue to believe that the two most important issues receiving inadequate investor attention are productivity and the role of central bank liquidity in the performance of financial markets.
  • Jun 30, 2017

    A Reluctant Europe Looks at Prosperity

    The mood among investors in Europe is generally positive in spite of mixed cyclical and secular factors influencing the economies and the markets there.
  • Jun 02, 2017

    Asia Is Safe and Mostly Confident

    I spent ten days in May talking with institutional investors in Singapore, Hong Kong, Tokyo and Beijing. There was considerable interest in the various problems the Trump administration was encountering that prevented the implementation of his pro-growth agenda.
  • Apr 28, 2017

    The Message of the Bond Market

    At the beginning of the year, most market strategists were in agreement that interest rates were going to rise in 2017.
  • Mar 29, 2017

    Winning Is Easy; Governing Is Hard

    Donald Trump swept into office on a populist wave. His promise of greater growth for the United States economy resonated with a large part of those disappointed with stagnant wages and a lack of opportunity.
  • Mar 01, 2017

    The Administration Now Faces the Hurdles of Reality

    There has rarely been a new presidential administration in the history of the United States that has tried to get so much done in its first ten days as the current one.
  • Jan 31, 2017

    Counting on Trump to Deliver

    The Ten Surprises of 2017 have a generally constructive tone. President Trump campaigned promising significant change to the American people. He raised expectations, and that’s why he won. Now he has to get his pro-growth agenda implemented.
  • Jan 04, 2017

    The Ten Surprises of 2017

    Each year I make a practice of reviewing The Ten Surprises of the year that has passed. Last year’s list was on its way to being one of my best and then Donald Trump won the presidential election and everything changed.