Economics
Trio of Strategists Agree S&P 500 to Reach Record in 2013
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The first three Wall Street strategists to make forecasts for 2013 agree that the Standard & Poor’s 500 Index will reach an all-time high following five years without a record.
Bank of America Corp.’s Savita Subramanian yesterday joined Citigroup Inc.’s Tobias Levkovich and Bank of Montreal’s Brian Belski in predicting the benchmark gauge for U.S. stocks will top the high of 1,565.15 set on Oct. 9, 2007. The rest of the 15 strategist Bloomberg tracks have yet to make a 2013 estimate.