Contrary to earlier bullish predictions for 2016, several Wall Street strategists have started lowering their forecasts on S&P 500 stocks. The Chinese economy slowdown, volatile oil prices and interest rates are the major reasons for drop in forecast. The gap between highest and lowest forecast has been widening.
volatile oil prices
Breaking News
Subscribe to VCpost newsletter
Most Popular
- IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers
- Hims & Hers CEO Responds to Backlash After Facing Stock Plunge Over Comments Praising Anti-Israel Protesters
- Americans Brace for Another Round of Higher Housing Costs, NY Fed Survey Shows
- Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
- Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works
- Xi Jinping Urges France to Resist 'New Cold War' Amid EU's Shift Towards US Alliance
- Over 1,000 Denver International Airport Flights Delayed Over Wind Gusts
- EU is Set to Intensify Sanctions Against Russia Amid Report Kremlin Plots Sabotage Attack