investing

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…

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