By SIMON CONSTABLE
Judging by their collective forecasts, Wall Street professionals seem confused over where the market and the economy are headed. The estimates of third-quarter economic growth and year-end stock-index levels vary widely compared with just a few weeks ago.
“The reason the dispersion of the estimates is so wide is that no one has a clue what the second half of the year will look like—not Fed governors, not CEOs and certainly not Wall Street analysts,” says Adam Johnson, author of the Bullseye Brief financial newsletter. Read more here.
Judging by their collective forecasts, Wall Street professionals seem confused over where the market and the economy are headed. The estimates of third-quarter economic growth and year-end stock-index levels vary widely compared with just a few weeks ago.
“The reason the dispersion of the estimates is so wide is that no one has a clue what the second half of the year will look like—not Fed governors, not CEOs and certainly not Wall Street analysts,” says Adam Johnson, author of the Bullseye Brief financial newsletter. Read more here.
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