Byron Wien predicts
- U.S. equity markets will have a down year in 2016,
- Sees Fed raising interest rates by 25 basis points only once during the year.
- Byron Wien Predicts Clinton in Presidency, Democrats Take Senate
- Sees investors reducing holdings of U.S. stocks due to weak American economy, soft equity markets
- Sees China growth dropping below 5%, global growth falling to 2%
- Sees oil prices remaining in $30 range
- Predicts sharp downturn for high-end residental real estate in New York and London