Premarket stocks: Wall Street’s dirty secret: It’s terrible at forecasting stocks


Source: edition.cnn.com edition.cnn.com

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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — December is a month full of market predictions for the year to come. Everyone, from economists to analysts to grocers, seems to have a strong feeling about how stocks will behave going forward. Here’s the thing: They’re almost always wrong. What’s happening: Last year, Goldman Sachs analysts predicted that the S&P 500 would close out 2022 at 5,100...