Headline from “Money and Markets,” 2019-12-28
With the stock market pushing new highs, you may be tempted to “pop the champagne corks,” as Dan puts it below. But in this special excerpt from our December issue of the Letter, he shows why the party’s over — despite the Fed’s attempts over the past few months to keep the party going. More importantly, Dan offers some solutions for what to do before the whole thing blows up …
Time will tell. The market as of today….
Headline from “Money and Markets,” 2019-12-26
Blackstone’s Wien: ‘Watch Gold In 2020’
Yup. My money is on this one.
Blackstone’s Byron Wien, one of Wall Street’s most influential investors, said 2020 could be a big year for gold traders.
“Watch gold in 2020,” Wien said. “It has a chance to be an interesting investment.”
Wien, the most widely read man on Wall Street and a modern cult figure in investing, according to U.S. News & World Report, described his outlook for gold in a recent interview with CNBC, with his comments coming as the precious metal ticked above $1,500 an ounce. At 11 a.m. EST today, gold was at $1,514.05.