In the December 16, 2019 edition of Barron’s, the cover story is titled “2020 Outlook.”
Included in the story, 10 investment strategists give various forecasts for 2020 including S&P500 profits, S&P500 year-end price targets, GDP growth, and 10-Year Treasury Note Yields.
As seen in the article, the average estimates among these 10 respondents is for a 4% rise in the S&P500 for 2020.
The average GDP growth estimate for 2020 is seen at 1.9%.
As far as S&P500 earnings growth, the average estimate is for $174/share in EPS.
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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 3188.54 as this post is written
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