Economy
In reply to the discussion: WEE December 4, 2015 I'll start......I'll start with some...... [View all]Hotler
(11,412 posts)The latest downer comes from Morgan Stanley. In a research note sent to clients over the weekend, Morgans top equity strategists predicted that the S&P 500 will rise by just 4% next year to 2,175. The widely watched index is currently at 2,084. And thats after being up by just 1.5% in 2015.
Last week, Goldman put out its own warning, saying stocks will basically not rise next year. Analysts from Bank of America Merrill Lynch expect things to be a little better. But even they say that the market will only be up by 5% next year. Not a stunner, again given how poorly stocks have done this year.
On top of that, a falling unemployment rate is likely to force companies to hand out raises. Higher labor costs will also hurt corporate profits in 2016.
http://www.msn.com/en-us/money/markets/heres-why-wall-street-is-worried-about-2016/ar-AAfR6F9?li=BBnbfcN#page=4