Despite Trump Euphoria, Wall Street's 2017 Forecast is the Most Bearish Annual Outlook in 12 Years

 

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.

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Source: CNBC (via The Empire Report)