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No Bearish Forecasts for 2019

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Mish

Global Economic Analysis

Published : January 11th, 2019

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Category : Opinions and Analysis


	Of 17 S&P 500 estimates by analysts, not a single one was negative. Axios noted 1 business thing: Wall Street slowly getting less bullish on 2019. Yep, but not a single bearish forecast. Wells Fargo was lowest at 6.3%. Only 4 analysts expected lower than 10%. JP Morgan, Canaccord, UBS, and Deutsche Bank topped the list at 23.7%, 27.6%, 27.6%, and 29.6% respectively. Expect more revisions, but don't expect any negative forecasts. I will take the under: -10.0% to be more precise.

Source : moneymaven.io

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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