FYI: Stock prognosticators by nature are an optimistic bunch, but not now.
Their forecasts for 2016 are downright gloomy, with many warning clients to expect more volatility and limited gains.
“We think that we are likely headed for a choppy year of low returns, and suspect many others think the same,” said Adam Parker, Morgan Stanley’s chief U.S. stock strategist, in a report to clients. He is forecasting that the S&P 500 will rise to 2175 by the end of 2016, 8% above Friday’s close. A year ago, he thought the S&P 500 would already be at 2275 by the end of this year.
Savita Subramanian, chief U.S. stock strategist at Bank of America Merrill Lynch, calls her 2016 outlook “tepid.” She is predicting that the S&P 500 will rise to 2200, which is where, a year ago, she thought it would be this year.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/12/13/2016-forecast-for-stocks-more-gloom-more-volatility-and-few-gains/tab/print/
