S&P500 Price Projections – Livingston Survey December 2020

The December 2020 Livingston Survey (pdf) published on December 18, 2020 contains, among its various forecasts, a S&P500 forecast.  It shows the following price forecast for the dates shown:

Dec. 31, 2020  3600.00

June 30, 2021 3650.00

Dec. 31, 2021  3745.00

Dec. 31, 2022  3899.20

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 site 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 3704.44 as this post is written