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Analyst Who Nailed 2018 Has Same S&P 500 Forecast For Next Year
FYI: Mike Wilson, the biggest equity bear on Wall Street whose prediction has proved prescient this year, has a similar outlook for 2019. The chief U.S. equity strategist at Morgan Stanley forecast that the S&P 500 will end next year at 2,750, the same level he forecast for 2018. That’s about 3 percent above the index’s current level. With five weeks to go for the year, Wilson’s estimate is by far the closest of all estimates to coming true. Regards, Ted https://www.bloomberg.com/news/articles/2018-11-26/analyst-who-nailed-2018-has-same-s-p-500-forecast-for-next-year?srnd=premium
@Ted, I'll bet you our local fare, the culinary masterpiece - Rochester's famous Garbage Plate versus a Chicago-style pizza, that the S&P 500 will be closer to 2600 than 3000 by year end
@MIkeM: I'm thinking you just might be right. With this whipsaw market it looks like 3000 has slipped away. Still see an outside chance (10%). Regards, Ted
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Regards,
Ted
Regards,
Ted
https://www.nytimes.com/2018/11/28/us/politics/us-economy-health-recession.html