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Wall Street has no idea how stocks will end 2019 with forecasts ranging from down 5% to up 11%

September 4, 2019


Leading stock forecasters differ greatly on where the S&P 500 will go in the final four months of the year compared to this same time last year, based on CNBC analysis. The wide range of forecasts reflects the current tumultuous stock environment due to the fragile trade talks with China, a mystifying plunge in bond yields and emerging signs of a possible global recession.

Strategists at Wall Street’s top brokerages and investment banks see a broad array of possible outcomes by the end of December with Deutsche Bank calling for an 11% rally to 3,250 from here while Barclays and Morgan Stanley both seeing another 5% downside to 2,750.

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