Wall Streets first 2019 predictions

Mar 2012
48,177
31,555
New Hampshire
#1
They are putting off chances of a recession for 2019..Massive tech boom..

Wall Street has its first 2019 stock market projection. And things are looking very bullish to Credit Suisse.

Chief equity strategist Jonathan Golub told clients in a note published Tuesday that he expects the S&P 500 to rocket past his 2018 target of 3,000 points all the way to 3,350 points by December 2019. That's more than 15 percent upside from current levels and more than 11 percent from his December 2018 target. "Our 2019 price target of 3,350 implies an 11.4 percent annualized advance over the next 16 months," Golub wrote.

But unlike this year, strong earnings won't be driving the gains. He points to multiple expansion, as investors grow more willing to pay premiums for top stocks like technology companies and consumer names.

Golub's team chided investors earlier this year for worrying too much about trade tensions, the specter of inflation and peak earnings, writing that fear could prevent many from realizing healthy returns.

We've got our first 2019 market forecast from Wall Street: Credit Suisse sees 11% surge
 
Likes: Libertine
Jul 2014
38,359
33,321
Border Fence
#4
They are putting off chances of a recession for 2019..Massive tech boom..

Wall Street has its first 2019 stock market projection. And things are looking very bullish to Credit Suisse.

Chief equity strategist Jonathan Golub told clients in a note published Tuesday that he expects the S&P 500 to rocket past his 2018 target of 3,000 points all the way to 3,350 points by December 2019. That's more than 15 percent upside from current levels and more than 11 percent from his December 2018 target. "Our 2019 price target of 3,350 implies an 11.4 percent annualized advance over the next 16 months," Golub wrote.

But unlike this year, strong earnings won't be driving the gains. He points to multiple expansion, as investors grow more willing to pay premiums for top stocks like technology companies and consumer names.

Golub's team chided investors earlier this year for worrying too much about trade tensions, the specter of inflation and peak earnings, writing that fear could prevent many from realizing healthy returns.

We've got our first 2019 market forecast from Wall Street: Credit Suisse sees 11% surge
90% of stocks are owned by 10% of the most wealthiest Americans.

We might as well be discussing Yacht sales as an indicator to the economy.
 
Jul 2014
38,359
33,321
Border Fence
#5
My sister lost 41% of her hard earned wealth in stocks, bonds and 401k investments.

She did not get a bail out.
 
Nov 2008
57,074
4,061
Washington state
#7
My sister lost 41% of her hard earned wealth in stocks, bonds and 401k investments.

She did not get a bail out.
Neither did I, lost a $100K. I invested in Ford that didn’t take a bailout and got it all back


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