By John Melloy
Even after post-election animal spirits boosted the S&P 500 to a
near double-digit annual return in 2016, Wall Street's soothsayers —
equity strategists — are the most bearish on equities for 2017 as they
have been about a year since 2005.
Wall Street's consensus S&P 500
forecast calls for a little more than a 5 percent gain in 2017, the
smallest increase predicted since a 2.8 percent forecast heading into
2005, according to Bespoke Investment Group.
Click on the graph to increase its size.
Click here for the full article.
Source: CNBC (via The Empire Report)
No comments:
Post a Comment