Melville “Mickey” Straus, a New York money manager with a passion for the visual and performing arts who helped lead cultural groups in Manhattan and its summer getaway, the Hamptons, for three decades, has died. He was 75.
The Standard & Poor’s 500 Index may rise at least 28 percent through next year to a record as corporate profits and the economy improve, according to Byron Wien , the vice chairman of Blackstone Advisory Services.
The Standard & Poor’s 500 Index will advance about 20 percent in 2014 after a sharp correction, according to Blackstone Group LP’s Byron Wien, who got the direction of equity and gold prices wrong in 2013.
After U.S. stocks gained 30 percent last year and almost everything went up, measures of Standard & Poor’s 500 Index price momentum are slipping just as concern mounts that emerging markets will snuff out the rally.
Blackstone Group LP’s Byron Wien, whose prediction for the U.S. economy and stock market in 2011 proved too optimistic, said oil will slip to $85 a barrel this year and the Standard & Poor’s 500 Index will exceed 1,400.
Blackstone Group LP’s Byron Wien , who called the bottom for U.S. stocks in 2010 while failing to predict the size of the ensuing rally, said economic growth and 10-year Treasury yields will approach 5 percent this year and gold will surge above $1,600 an ounce.