This year, Wall Street extended its AI-powered bull market into a second year, far surpassing the year-end forecasts made by top strategists. In fact, all of them turned out to be very wrong. Original 2024 outlooks for the S & P 500 ranged from a low of just 4,200 at JPMorgan by Dubravko Lakos-Bujas, to a high of 5,200 from Oppenheimer's John Stoltzfus. The S & P 500 closed Thursday at 6,051.25, more than 800 points above the highest forecast at the start of the year.
5% upside from current levels. JPMorgan has kept its original target, on paper at least, making it still the lowest forecast on Wall Street. Barring a December cataclysm, strategists from Evercore ISI, Goldman Sachs, UBS and Wells Fargo Investment Institute were also proven too bearish this year. Evercore ISI senior managing director Julian Emanuel and Goldman Sachs chief U.S.
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