Wall Street gives conflicting forecasts for next year

Wall Street analysts are divided on the economic outlook for the next year. While some are expecting a decline in the stock market, others are confident in its growth. The latter include experts from JP Morgan and Credit Suisse. In the first bank expect the pandemic to end and the economy to fully recover. economy, due to which the market, according to analysts, will become less volatile. The second bank revised its forecast for the S&P500 index upward by 200 points, expecting it to reach 5200. At he view, it will be favored by rising corporate earnings and a gentle monetary policy. Meanwhile, Ned Davis Research has a more cautious outlook. cautious views. The company's chief strategist, Ed Clissold estimates that corporate earnings growth will slow next year, and monetary policy will be tightened by the Fed. In connection with Therefore, we should prepare for a downturn in the stock market, which could be followed by a moderate rise in the S&P 500.