No Bearish Forecasts for 2019

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.

Mike "Mish" Shedlock

Comments
No. 1-12
stillCJ
stillCJ

Editor

No negative forecasts? Wow that's really bearish!

ML1
ML1

Would you want to be the lone guy who made a bearish forecast and then got fired when that was wrong?

For these forecasts it is better to hide among all the others and since everyone makes bullish forecasts nobody can be blamed when the crash happens.

RonJ
RonJ

I remember when Rukeyser kicked the last negative elf off his show, as the Nasdaq topped out in 2000.

Realist
Realist

I don’t make short term market predictions like ‘what the market will do in 2019´. But put up a chart of most US markets over several decades and the potential to grow your wealth is definitely there. Of course I would never invest more than 30% of my assets in stocks. It’s important to be diversified. My only prediction for 2019 is that the US and world economies will continue the 10 year trend of slow growth, barring a black swan event.

Six000mileyear
Six000mileyear

By the middle of the year both intermediate cycles will be aligned to the downside. There is another 20-30% to the downside from here.