Why read your horoscope when you have a premier global investment firm at your disposal?
At least, that's the philosophy of some investors, for whom the most important crystal ball each new year is that of Byron R. Wien, vice chairman of Blackstone Advisory Partners.
Since 1986, Wien has announced an annual list of 10 "surprises" he expects in the new year: An event which the average investor would only assign a 1 out of 3 chance of taking place but which Wien believes is "probable," having a better than 50 percent likelihood of happening, according to Blackstone.
Some of Wien's premonitions for 2016 include a presidential win from Hillary Clinton (against Republican nominee Ted Cruz) and oil prices languishing in the $30 range. He also predicts a darker turn for the European Union as refugees continue to flood in, and a single Federal Reserve interest rate hike for the year.