Wall Street's "Top" Strategists' Recommendations Are Like Monkeys Throwing Darts
Published Friday, July 21, 2017 at: 7:00 AM EDT
On December 16, 2016, Barron's ran its annual outlook story featuring forecasts from a panel of 10 "top" Wall Street investment strategists. The respected financial weekly publishes its panel's predictions for the stock market for the year ahead and for the sectors they are buying and avoiding every December. Fritz Meyer, an independent economist, whose research we pay for, has tracked the Wall Street strategists' sector forecasts in Barron's every year since 2005. Mr. Meyer was an investment strategist at one of the world's largest investment companies for over a decade before going independent in 2009. With...
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