Barrons came out with their 2013 Outlook today and I was not surprised to see that all of the forecasts are positive. There isn’t a single forecaster who expected the S&P 500 to fall this year. There is only one forecaster who expects the 10 year bond yield to fall from its current level of 1.7% and he only sees a 10 bps decline to 1.6%. Here’s the round-up:
Stephen Auth, Federated Investors
S&P Year-end Target: 1660
2013 GDP Growth: 1.4%
2013 End 10 Year US Treasury Yield: 2%
Barry Knapp, Barclays
S&P Year-end Target: 1525
2013 GDP Growth: 2.1%
2013 10 Year US Treasury Yield: 1.6%
Jeffrey Knight, Putnam
S&P Year-end Target: 1490
2013 GDP Growth: 2.25%
2013 10 Year US Treasury Yield: 2.2%
Russ Koesterich, BlackRock
S&P Year-end Target: 1545
2013 GDP Growth: 2%
2013 10 Year US Treasury Yield: 2.25%
David Kostin, Goldman Sachs
S&P Year-end Target: 1575
2013 GDP Growth: 1.8%
2013 10 Year US Treasury Yield: 2.2%
Thomas Lee, JP Morgan
S&P Year-end Target: 1580
2013 GDP Growth: 2%
2013 10 Year US Treasury Yield: 2%
Tobias Levkovich
S&P Year-end Target: 1650
2013 GDP Growth: 1.6%
2013 10 Year US Treasury Yield: 2.5%
Adam Parker, Morgan Stanley
S&P Year-end Target: 1434
2013 GDP Growth: 1.4%
2013 10 Year US Treasury Yield: 2.24%
John Praveen, Prudential
S&P Year-end Target: 1600
2013 GDP Growth: 2.5%
2013 10 Year US Treasury Yield: 2.3%
Savita Subramanian, BAC/Merrill Lynch
S&P Year-end Target: 1600
2013 GDP Growth: 1.5%
2013 10 Year US Treasury Yield: 2%