The December 2016 Livingston Survey published on December 9, 2016 contains, among its various forecasts, a S&P500 forecast. It shows the following price forecast for the dates shown:
Dec. 31, 2016 2200.0
June 30, 2017 2254.80
Dec. 29, 2017 2314.50
Dec. 31, 2018 2400.0
These figures represent the median value across the forecasters on the survey’s panel.
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.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2253.50 as this post is written