A Wall Street Analyst Who Correctly Predicted the Stock Market Collapse in 2022 Has a New Price Target for the S&P 500 Index -- and It May Surprise You

Trying to predict where the broader benchmark S&P 500 index will land in 12 months is one of the toughest jobs on Wall Street. Nobody can predict the future, and 12 months is a relatively short period of time. It's also riskier for strategists to be bearish, as more strategists will lose their jobs for missing a market rally than for failing to see a market correction.However, in 2022, Morgan Stanley's Chief Market Strategist, Mike Wilson, became bearish on the stock market, while many strategists were still riding the late-cycle COVID-19 wave. Wilson nailed his call, as the S&P 500 fell close to 20% that year. Recently, Wilson and his team came out with a new price target for the S&P 500 -- and it may surprise you.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool