What could go wrong with Wall Street's 2025 consensus: Morning Brief [Yahoo! Finance Canada]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance Canada
The chart of the day What we're watching What we're reading Economic data releases and earnings Through a month of 2025 outlooks, Wall Street's consensus take on stocks in the year ahead is rather clear. Strong growth in the US economy is expected to push stocks higher while policies from the new Trump administration drive another year of US "exceptionalism" over other global equities. But of course, that consensus isn't without risks. Inflation remains above the Federal Reserve's 2% target , and many believe this could keep the Fed holding interest rates higher for longer. Wall Street's lone bear, Stifel's Barry Bannister, explained a more hawkish Fed could prompt weaker-than-expected economic growth and weigh on equities as the S&P 500 ends the year in the "mid 5,000s." Bannister is on an island with his call for stocks to fall next year (17 other strategists tracked by Yahoo Finance see the rally barreling forward). But he's not alone in the thought such a scenario
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