Axios noted 1 business thing: Wall Street slowly getting less bullish on 2019.

Yep, but not a single bearish forecast. Wells Fargo was lowest at 6.3%. Only 4 analysts expected lower than 10%.

JP Morgan, Canaccord, UBS, and Deutsche Bank topped the list at 23.7%, 27.6%, 27.6%, and 29.6% respectively.

Expect more revisions, but don't expect any negative forecasts.


I will take the under: -10.0% to be more precise.

Mike "Mish" Shedlock

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Stock Market Erases All Gains of 2019

The S&P 500 rose almost 29% in 2019. Today those gains were erased this morning but now stocks are off the lows.

2019 Rate "Cuts" in Play

The market still expects the Fed to hike on Wednesday, but even the 3-Month yield is lower. Let's look ahead to 2019.

Fed Pledges "Patience", Dot Plot Suggests No Hikes in 2019

Today the Fed pledged patience and a majority of officials signaled they might not raise the rate at all this year.

Another Bloodbath: Sector by Sector Carnage - No Hiding Places

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Fed Cuts Rates 1/4 Percent, Three Dissents: Dot Plot Suggests No More 2019 Cuts

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GDPNow "Real Final Sales" Forecast Remains 1.1%

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GDP Tomorrow: Here's the Final Forecasts

The first estimate for 4th-quarter GDP is due tomorrow. Let's take a look at some estimates.

GDPNow vs Nowcast vs Blue Chip Forecast

GDPNow's initial estimate was the lowest anywhere. Now It's at the top of the heap.