Strategists at Wall Street's top brokerages and investment banks see a broader array of outcomes through the end of December compared with predictions made a year ago.
The wide range of forecasts reflects the current tumultuous stock environment due to the fragile trade talks with China, a mystifying plunge in bond yields and emerging signs of a possible global recession. That's in contrast to last year, when nearly half of respondents saw the large-cap index closing the year at 3,000. The standard deviation of those projections was 114, just under 4%.
Deutsche Bank's bullish call, which sees the broad market index at 3,250 by December, implies a 29.6% gain in 2019.
Dow Jones will be down 30% by end 2019 and will surprise every one.
When does wall street ever know?
FED is NOT going to cut rates in September! Powell wants Trump out of office!
Deutsche is so optimistic!!
'Wall Street has no idea...' Could be the start of every single financial article. The stock market is the world's biggest casino, nothing more, nothing less
Well obviously nobody has any idea; we're just making our own bets
Its bear market. Don't be a fool. Sell and run
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