Wall Street has no idea how stocks will end 2019, with forecasts ranging from down 5% to up 11%.
Strategists at Wall Street's top brokerages and investment banks see a broader array of outcomes through the end of December compared with predictions made a year ago.
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. That's in contrast to last year, when nearly half of respondents saw the large-cap index closing the year at 3,000. The standard deviation of those projections was 114, just under 4%.
Deutsche Bank's bullish call, which sees the broad market index at 3,250 by December, implies a 29.6% gain in 2019.
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Wall Street has no idea where stocks will end 2019 with forecasts ranging from down 5% to up 11%Stock forecasters are having a tougher time predicting where the S&P 500 will end up by year's end when compared to this time last year.
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