Byron Wien, vice chairman of Blackstone Advisory Partners, today published his list of surprises for 2012 — following a 25-year tradition he began while still chief U.S. investment strategist at Morgan Stanley.
Byron defines a “Surprise” as an event which the average investor would only assign a one out of three chance of taking place but which Byron believes is “probable,” having a better than 50% likelihood of happening:
The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.
This report tells why, and what to look for in the data and the markets. GO TO THE POST
The Surprises of 2012……