S&P 500 Forecast (2015, 2016)
The S&P 500, which tracks the biggest U.S.-listed companies closed on Thursday, 31st Dec. 2015 at 2,043 points. It ended the year down 0.73 percent after three straight years of double digit gains.
It marks a significant change from the 11.5 percent gain posted in 2014 and is also some way off forecasts collated by CNBC in December 2014. A mean average of the ten analysts' calls suggested the benchmark would finish 2015 at 2,185 points, with a gain of just over 6 percent. An updated version of the Forecast-set was issued then in May 2015, still ALL predictions were wrong/ABOVE (!) the final closing (2,043 points):
source (May 2015): http://tickersense.typepad.com
The average year-end target 2016 on the S&P 500 was on 2nd Jan. 2016: 2,225 on earnings of USD 125.35, with the median forecast for the S&P 500 to rise to 2,213 on earnings of USD 126. An updated version of the Forecast-set was issued then in July/August 2016, now forecasting a final closing/Median of 2,150 points:
Short Recap 2013 (!): Even the more bullish analysts on Wall Street undershot the big rally in 2013.
Recap 2014: For 2014, the average call was for the S&P 500 to hit 1,955, with the median prediction at 1,950. Finally in 2014, Wall Street's stock market forecasts proved too conservative. The S&P 500 closed the year at 2,058, above the year-end forecast of all but one strategist - FundStrat's Tom Lee. This gentleman really seems to be a BIG BULL (see 2016-Forecast "again").
Famous experts on Jan. 2015 commenting their 2015-YE-targets:
Forecast-Status Sep. 2015: