Wall Street Strategist Forecasts for 2022 Differ by Second-Most in a Decade
- Ned Davis’s Clissold sees potential for ‘shallow bear market’
- Caution at odds with bullish stance by Credit Suisse, JPMorgan
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The newly hawkish Federal Reserve and the ever-evolving virus have made life difficult for Wall Street’s stock prognosticators.
Take the latest forecast from Ed Clissold, chief strategist at Ned Davis Research. He sees the potential for an earnings slowdown and tighter Fed policy to push U.S. equities into “a shallow bear market” next year before the S&P 500 bounces back to end modestly higher.