Home Capital Global Markets

Wall Street strategist forecasts for 2022 differ by second-most in a decade

Bloomberg
Bloomberg12/9/2021 10:32 AM GMT+08  • 4 min read
Wall Street strategist forecasts for 2022 differ by second-most in a decade
The newly hawkish Federal Reserve and the ever-evolving virus have made life difficult for Wall Street’s stock prognosticators.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The newly hawkish Federal Reserve and the ever-evolving virus have made life difficult for Wall Street’s stock prognosticators.

Take the latest forecast from Ed Clissold, chief strategist at Ned Davis Research. He sees the potential for an earnings slowdown and tighter Fed policy to push US equities into “a shallow bear market” next year before the S&P 500 bounces back to end modestly higher.

The cautious tone contrasts with his counterparts at Credit Suisse Group AG and JPMorgan Chase & Co. Jonathan Golub at Credit Suisse just lifted his 2022 target for the S&P 500 by 200 points to 5,200, citing the improving prospects for corporate earnings and easy financial conditions. Marko Kolanovic and his colleagues at JPMorgan say market volatility will subside next year when the pandemic ends and the economy fully recovers.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now