Reuters Poll Shows Wall Street Still Expect Decent Market Return Next Year

Fears of a prolonged U.S.-China trade war and a potentially overzealous Federal Reserve have left Wall Street strategists less optimistic about stock market gains next year, but they still expect a decent increase, a Reuters poll found.

The benchmark S&P 500 .SPX will finish 2019 at 2,975, up around 11 percent from Tuesday’s close of 2,682.17, based on the median forecast of 46 strategists polled by Reuters in the last two weeks.



It will end 2018 at 2,800, which would be a near 5 percent gain over last year, according to the poll median.

But the 2019 forecast marks a drop from three months ago, when strategists polled by Reuters predicted the index would reach 3,100 by the end of 2019.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza