Here’s where Wall Street expects the S&P 500 to finish in 2023

How accurate were Wall Street’s year-end predictions for 2022?

Let’s see…

• The average was 4,900.
• The lowest was 4,400 (Morgan Stanley).
• The highest was 5,300 (BMO).

The S&P 500 would have to rise another 22% by the end of the year to reach the average of the predictions.

While those forecasts had steadily fallen through the year, it shows one thing — the short-term is incredibly difficult to predict. Even the “pros” are bad at it.

Here are their predictions for 2023:

If it hits their average, the S&P 500 will stay nearly unchanged.