In the December 14, 2015 edition of Barron’s, the cover story is titled "Stocks Have Room to Rise 10% in 2016, Market Strategists Say.”
Included in the story, 10 investment strategists give various forecasts for 2016 including S&P500 profits, S&P500 year-end price targets, GDP growth, and 10-Year Treasury Note Yields.
A couple of excerpts:
Based on their mean forecast, the Standard & Poor’s 500 index will end next year at 2220, an increase of 10% from Friday’s close of 2012.
also:
The Street’s seers expect S&P 500 earnings per share to rise just 5% next year, from this year’s estimated $118. Their mean forecast for 2016 is $123.50. Last December, these seers were more upbeat, expecting earnings to climb 8% in 2015. Industry analysts typically are more optimistic than strategists, and that is the case this year, as last. The analysts anticipate S&P earnings of $128 in 2016, representing an 8.5% increase over current-year targets.
The article also mentions that among the investment strategists, average expected 2016 GDP growth is 2.5%.
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2012.37 as this post is written
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