The stock market rarely produces average returns

The stock market rarely produces average returns

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, October 11, 2022

Wall Street firms have begun publishing their 2023 forecasts for the S&P 500.

Targets published by seven top equity strategists range from 3,800 to 4,200, implying returns of 4% to 15% from current levels.

We’ll only know how accurate these calls are in hindsight. We do, however, know that last year’s 2022 forecasts…


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