Legendary Analyst Says S&P 500 Won't Go Up Much More

Video Credit: Wochit News
Published on August 12, 2020 - Duration: 00:30s

Legendary Analyst Says S&P 500 Won't Go Up Much More

Legendary analyst Byron Wien said the bear market and recession are over.

Wien told Bloomberg news the S&P 500 may climb slightly higher but it will not be making any "major strides upward" this year.

Byron is the vice chairman of Blackstone Private Wealth Solutions said the S&P 500 is "fully priced." He also applauded US technology companies for their creativity.

According to Business Insider Wien said the US should be a manufacturer as well as an innovator to compete globally.

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