In the December 16, 2019 edition of Barron’s, the cover story is titled “2020 Outlook.”
Included in the story, 10 investment strategists give various forecasts for 2020 including S&P500 profits, S&P500 year-end price targets, GDP growth, and 10-Year Treasury Note Yields.
As seen in the article, the average estimates among these 10 respondents is for a 4% rise in the S&P500 for 2020.
The average GDP growth estimate for 2020 is seen at 1.9%.
As far as S&P500 earnings growth, the average estimate is for $174/share in EPS.
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.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 3188.54 as this post is written