Every year, Wall Street strategists release S&P 500 price targets predicting where the market will finish by year-end. These forecasts come from highly credentialed teams with massive research budgets and yet, they frequently miss by a wide margin.

In this video, Jerry Davidse breaks down a table of Wall Street strategist forecasts vs. actual S&P 500 results going back to 2000, showing just how different reality can be from prediction. Some years the market surges when forecasts call for modest gains. Other years strategists predict strong returns, and the market drops sharply.

Jerry highlights why these misses happen: markets don’t move in neat, predictable lines over short time periods. They’re influenced by geopolitical events, shifts in investor senti ...