Jonathan Golub (RBC Capital) - the biggest "bull" on Wall Street this year - once again spoke about the rosy prospects of the stock market already in 2016- based on AMarkets.
At the same time a little earlier expressed Golub quite pessimistic views lowering their forecasts for the end of 2015 for the index S & P500. Golub said that there are two big macro "differences" for 2015 and 2016. 2015 is held under the pressure of falling oil and expectations of weak global growth and flat interest rates. In 2016, experts believe, will bring stabilization in the market of raw materials, the rise of the dollar and interest rates. All this should rezultirovat in growth stocks, albeit small. According to forecasts of RBC, S & P500 grow up to 2300. It will be 10% compared to 2100 - to the price target Golub at the end of 2015.
Team RBC concluded that the dynamics of S & P500 about repeating the dynamics of the overall economic sentiment in the United States:
The total increase in the index of wide market in 2016 and in 2017 is projected at 2.5%.