Here's What 11,065 Stock Pickers Are Saying About The Stock Market

When it comes to the outlook for the S&P 500, we typically hear from equity strategists who provide a top-down call.  Basically, one person considers all of the factors (e.g. EPS estimates, GDP, etc.) and comes up with a number for the S&P 500.

We rarely hear about the bottoms-up estimate.  This number is usually based on a composite of estimates and price targets of a group of analysts and stock pickers.

FactSet compiled information on 11,065 ratings on S&P 500 stocks.  Based on all that data, the 12-month bottoms-up forecast on the S&P 500 is 1,567.  This target has increased for four straight months.

The bottoms-up number compares to strategists’ top-down estimate of 1,457.

Here’s a chart S&P 500 outlooks based on top-down and bottom-up from FactSet:


Photo: FactSet

SEE ALSO: Here’s How Millionaires And Billionaires Really Feel About The Global Economy >

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