The stock market is concerned about the economic views of far-left Democratic presidential candidates, Wall Street veteran Byron Wien told CNBC on Thursday.
“The market is afraid of the more progressive Democratic candidates” who are promoting higher taxes on the rich and ambitious climate change goals, said Wien, vice chairman of private wealth solutions at Blackstone.
“Elizabeth Warren, Kamala Harris and Bernie Sanders are kind of terrifying to the market, ” Wien said in a “Squawk on the Street ” interview. If one of those senators were to be nominated, stock reaction “would be negative,” he added.
On the flip side, Wien said the market would react well to a more moderate Democratic…