Credit Suisse Says 2019's S&P 500 Advance Will Match This Year's
- Equity benchmark to end 2019 at 3,350, implied gain of 11.7%
- Multiple expansion to offset deceleration in profit growth
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For U.S. stocks, next year will be just as good as this year’s shaping up to be -- even without another tax cut to boost earnings.
That’s the prognosis from Jonathan Golub, chief U.S. equity strategist at Credit Suisse. He expects the S&P 500 Index to finish 2019 at 3,350, implying a gain of 11.7 percent from where he predicts the measure to end this year -- 3,000. The 2018 call, if it comes true, would amount to a 12.2 percent advance. The equity benchmark closed Friday at 2,901.52.