economy Archives - Runnymede Capital Management

Wall Street strategists expecting more gains in 2022

This is one of my favorite posts to write every year as we get to look back on Wall Street predictions and see how they panned out. We have done this in 2014, 2015, 2016, 2017, 2018, 2019, 2020, and 2021 so it is a tradition to see which strategists did well and which missed the mark.

Last year, the strategists predicted a solid up year market for 2021 with an average target of 4076 or +8% for the S&P 500. I noted that “this is one of the most bullish predictions since 2014” and that proved to be the case. Even though the strategists were bullish, they weren't bullish enough as the market put up its second straight year of double-digit gains and 2021 was up over 20%.

Last year's biggest bull was JP Morgan's Dubravko Lako-Bujas at 4400 and he fell well short of the S&P's current 4681. John Stotlzfus and David Kostin were tied with the 2nd most bullish forecasts of 4300.

Now let's take a look at their thoughts on 2022…

Andrew Wang on the Economy Reopening and Dufry Group

Andy Wang returned to The Watch List with Nicole Petallides to discuss the reopening of the economy and Dufry Group, a Swiss-based travel retailer which operates duty-free and duty-paid shops, and convenience stores in airports, cruise lines, seaports, railway stations, and central tourist areas.

China Shatters Box Office Record

Last year as the pandemic broke out in China, we looked to the east for signs of what life may be like dealing with lockdowns and a slow return from lockdowns.

Is Your Portfolio Ready for the Great Re-Opening?

It was a year ago when COVID fears rocked the financial markets and pushed economies into lockdown. While all of us had hoped that it would end in short order, we still find ourselves socially distanced and are just passing the peak of the 2nd wave. The good news is that cases are falling quickly and vaccinations are on the rise. With the Great Re-Opening coming, we will be ready to emerge from our homes in a big way.

Andy Wang on Markets, Spirit Airlines, and Fiserv

Andy Wang spoke with Nicole Petallides, host of the Watch List, about financial markets, Spirit Airlines, and Fiserv — two stocks that will benefit from the reopening of the economy.

Wall Street strategists expecting strong market ahead in 2021

This is one of my favorite posts to write every year as we get to look back on Wall Street predictions and see how they panned out. We have done this in 2014, 2015, 2016, 2017, 2018, 2019, and 2020 so it is a tradition to see which strategists did well and which missed the mark.

Last year, the strategists predicted a slight up year market for 2020 with an average target of +1.6%, 3283, for the S&P 500. Of course, no one predicted a global pandemic, and I doubt they would have forecast this number if they knew what was ahead. Despite the lockdown induced recession, the epic stimulus from the Fed and policy makers helped drive stock market indices to all time highs and the S&P finished at 3756, up over 16%.

Last year's biggest bull was CSFB's Jonathan Golub at 3425 and that wasn't very close. Second place was a three way tie with a prediction of 3400. Now let's take a look at their thoughts on 2021…