Legendary Investor Makes Positive Prediction on Global Economy—But Some Are Not Happy
So, in that spirit, what’s his latest take on the market?
Well, back in January, Wien was bearish on electric cars, bullish on the economy and predicted that volatility VIX, +2.30% would ultimately slam the markets. Now, with his batch of calls yielding mixed results, Wien offered up a taste of what he sees in the coming months.
That’s how Wien responded when asked his thoughts looking forward in an interview published over the long weekend. While thawing relations between China and the U.S. might eventually provide a boost to markets, for now, it’s rough going out there.
“There’s a lot of speculation going on. That’s probably not a healthy thing,” he said, adding that he sees the economy rebounding more slowly than most expect. “The market is vulnerable.”