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Top Forecasters of 2015 Break From Crowd

  • Strategists who got it right are cautious on U.S. stocks, gold
  • Treasuries seen resilient in 2016 as Fed tightens gradually
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Breaking Away From Investor Consensus

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The most accurate forecasters of stocks, bonds and precious metals have a warning for investors as they look forward to 2016: don’t trust the wisdom of crowds.

After a year when consensus estimates for U.S. equities, Treasuries and gold all proved wrong, the few strategists who got it right in 2015 are breaking away from the pack once again. If their predictions for next year are on target, investors can expect 12 more months of resilience in U.S. government bond markets, disappointing returns from the Standard & Poor’s 500 Index and a fresh six-year low for gold.