Barrons 2013 Outlook – No Negative Forecasts….

Barrons came out with their 2013 Outlook today and I was not surprised to see that all of the forecasts are positive.  There isn’t a single forecaster who expected the S&P 500 to fall this year.  There is only one forecaster who expects the 10 year bond yield to fall from its current level of 1.7% and he only sees a 10 bps decline to 1.6%.  Here’s the round-up:

Stephen Auth, Federated Investors

S&P Year-end Target: 1660

2013 GDP Growth: 1.4%

2013 End 10 Year US Treasury Yield: 2%

Barry Knapp, Barclays

S&P Year-end Target: 1525

2013 GDP Growth: 2.1%

2013 10 Year US Treasury Yield: 1.6%

Jeffrey Knight, Putnam

S&P Year-end Target: 1490

2013 GDP Growth: 2.25%

2013 10 Year US Treasury Yield: 2.2%

Russ Koesterich, BlackRock

S&P Year-end Target: 1545

2013 GDP Growth: 2%

2013 10 Year US Treasury Yield: 2.25%

David Kostin, Goldman Sachs

S&P Year-end Target: 1575

2013 GDP Growth: 1.8%

2013 10 Year US Treasury Yield: 2.2%

Thomas Lee, JP Morgan

S&P Year-end Target: 1580

2013 GDP Growth: 2%

2013 10 Year US Treasury Yield: 2%

Tobias Levkovich

S&P Year-end Target: 1650

2013 GDP Growth: 1.6%

2013 10 Year US Treasury Yield: 2.5%

Adam Parker, Morgan Stanley

S&P Year-end Target: 1434

2013 GDP Growth: 1.4%

2013 10 Year US Treasury Yield: 2.24%

John Praveen, Prudential

S&P Year-end Target: 1600

2013 GDP Growth: 2.5%

2013 10 Year US Treasury Yield: 2.3%

Savita Subramanian, BAC/Merrill Lynch

S&P Year-end Target: 1600

2013 GDP Growth: 1.5%

2013 10 Year US Treasury Yield: 2%

 

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Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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