Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Here are the most accurate S&P 500 forecasts for the year to date

Here are the most accurate S&P 500 forecasts for the year to date

The US benchmark S&P 500 on the stock index steadily rises throughout 2019, reducing and avoiding multiple geopolitical winds, including the US-China trade war, Brexit and kinetic conflicts in the Middle East, and delaying corporate growth , but it is still on track for its best performance in the calendar year of 2013.

Predicting stock market performance in such an environment is an unenviable task as analysts have very little history to predict the effects of a trade war between the two largest economies in the world.

Periodic refusals caused by concern over Federal Reserve policy or international trade disputes were scattered throughout the year, with the S&P 500 index

SPX, + 0.27%

drops 6.6% from April 30 to June 3, 5.2% between July 26 and August 27 and 4.0% between September 19 and October 2 .

Each of the cuts was catalyzed by macroeconomic problems, such as fears of the Federal Reserve, which would not be adaptable enough to protect the US economy from the effects of President Trump's unstable trade protectionism. In other words, there were many options for bullish strategists to become bearish or vice versa.

Here are 15 of Wall Street's top strategists ranked near their end-of-year targets to the current S&P 500 record high by the end of Thursday at 3085.18. (When strategists gave range, MarketWatch used the midpoint).

In early November, the Bulls had the upper hand and it is clear that most of Wall Street did not expect the stock market to be as stable as it has been before, but with seven weeks of the year, the Bears have plenty of time to win the day.


Source link