Forecasts come from top-tier investment banks should not only be ignored, Plato stockpicker David Allen says, but traders should do the complete opposite. Another year, another set of Wall Street predictions about how the S&P 500 will perform over the coming year. The forecasts come from top-tier firms like Morgan Stanley and Goldman Sachs, and skilled analysts, but are they worth the paper they’re written on?
David Allen, head of long/short strategies at Sydney hedge fund Plato Investment Management, says that not only should these prognostications be ignored – traders should do the polar opposite.
Source: https://www.afr.com/companies/financial-services/will-stocks-keep-rising-in-2025-don-t-listen-to-the-experts-20250108-p5l2sc