S&P 500 Defies Strategist Calls in 3-Day Slump: Chart of the Day
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Wall Street strategists predicted the Standard & Poor’s 500 Index will exceed the current record just in time for its first three-day decline of the year.
The CHART OF THE DAY shows how strategists’ average year-end estimate in a Bloomberg survey compares with the S&P 500’s current value and the index’s closing high of 1,565.15, set on Oct. 9, 2007.