Keeping 'Em Honest: Wall Street's Track Record Is Not Good

Every December, Barron's, the weekly financial magazine, asks Wall Street strategists to pick the best and worst sectors to invest in, and every year their picks perform poorly relative to the unmanaged Standard & Poor's 500 index. 2017 was much the same.

It's not uncommon for the consensus forecast of economists to fail to predict if the economy will expand or fall into a recession - a question with just two possible answers.

On December 19th, 2016, Barron's published its annual outlook for the year ahead, featuring forecasts from 10 "top" Wall Street investment strategists.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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