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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Stocks Rally After Wall Street SlumpStocks rose as political developments around the world and hopes for central-bank action countered a series of economic data that gave further evidence of a global slowdown. HongKongProtesters won’t accept it, too late. You can see something that simple can take the Lender of Hong Kong 3 months to give in. Who is behind all these mess? china of course. Will the HongKongProtests stop? Won't because it is simply too late. EyeforHK NoPoliceBrutality FreeHongKong SayNoToCommunistChina IPPTV PolandSupportsHongKong
Source: WSJ - 🏆 98. / 63 Read more »
Market bull bets a trade war deal is coming sooner than Wall Street thinksOppenheimer's John Stoltzfus believes trade frictions between the U.S. and China will get resolved and pave the way to a significant market rally. FuturesNow Trump almost always gets hes way. China gonna bend. USA is gonna win . FuturesNow The final agreement will be on the afternoon of 9/12, right before the democratic debate. Watch and see. FuturesNow Why strike a deal now when you can strike one closer to election time? Like it or not, Trump really does hold all the cards 🤷🏽♂️
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street has no idea where stocks will end 2019 with forecasts ranging from down 5% to up 11%Stock forecasters are having a tougher time predicting where the S&P 500 will end up by year's end when compared to this time last year. SayNoToXenophobia Forever JohnMelloy Yeah Wall Street tends to not have any idea where stocks will end up. That is true every trading day of the year Pearls of wisdom?
Source: CNBC - 🏆 12. / 72 Read more »