Data that May Support Continued Bull Run

A recent article in Bloomberg outlines the viewpoints of a group of strategists and investors (with supporting data graphs) regarding to what degree the current bull run may have staying power. Here are a few: George Pearkes, of Bespoke Investment Group shares concern for the “decline in, and volatility of, spreads on securitized debt,” using the example of auto asset-backed securities today versus before the financial crisis. Before the crisis, he says, they traded in… Read More

Wall Street Strategists Lukewarm on the Market

Although stocks have nearly recovered from the post-Brexit upset, there is still worry about the political and economic uncertainty that looms in its wake. Earlier this month, Steve Russolillo of The Wall Street Journal wrote that eighteen equity strategists tracked by the research firm Birinyi Associates anticipate the S&P 500 (which gained 2.7% in the first half of 2016) will end the year at around 2150 (down from their previous forecast of 2200). The index… Read More

Barron’s: Wall Street Strategists See Market Gains in 2009

The 2009 stock market and earnings estimates are starting to roll in, and this week’s Barron’s kicks off the race as it discusses where top Wall Street strategists think we’ll end the year – both in terms of earnings and the market level on the S&P 500. Twelve market experts, including Bob Doll of BlackRock and Richard Bernstein of Merrill Lynch, were polled and on average these pundits expect the S&P to gain 18% in… Read More