The December 2016 Livingston Survey published on December 9, 2016 contains, among its various forecasts, a S&P500 forecast. It shows the following price forecast for the dates shown:
Dec. 31, 2016 2200.0
June 30, 2017 2254.80
Dec. 29, 2017 2314.50
Dec. 31, 2018 2400.0
These figures represent the median value across the forecasters on the survey’s panel.
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2253.50 as this post is written