CNBC Pro

Blackstone's Byron Wien gives his 10 surprises for 2021, including two big swings for stocks

Share
Byron Wien
Olivia Michael | CNBC

(This story is for CNBC Pro subscribers only).

Blackstone Vice Chairman Byron Wien said he expects a volatile year in the stock market for 2021, with a stomach-churning drop in the first half followed by a dramatic rebound to record highs.

The Wall Street veteran discussed his much anticipated annual surprises list on CNBC's "Squawk Box" on Tuesday, ranging from the best sectors for stocks to outgoing President Donald Trump's next move.

"About seven of them are in the direction of the consensus, just more extreme. But there are three that are surprises," Wien said.

More In CNBC TV Picks

CNBC ProWharton's Jeremy Siegel sees Fed 'dot plot' shift toward tightening, expects stock decline
CNBC ProCramer cites 3 stocks that could come back into favor under Paul Tudor Jones' Fed inflation trade
CNBC ProPaul Tudor Jones says a stock market that's 220% of GDP is making him nervous