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Here's what 18 Wall Street pros are predicting for the stock market in 2016

Feb 15, 2016, 18:30 IST

Traders monitor prices in the Standard & Poor's 500 stock index options pit near the open of trade at the Chicago Board Options Exchange (CBOE) on September 17, 2015 in Chicago, Illinois.Getty Images

Many Wall Street strategists started out the year forecasting that stock-market returns would be modest, if not unspectacular.

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But in the first few weeks of 2016, stocks have turned more sour than expected.

The market had its shakiest start to a year ever, the S&P 500 is down 9% year-to-date, and global stocks fell into a bear market.

And so it's no surprise that some pros have lowered their year-end expectations.

Still, the consensus remains that the drawdown in stocks is a normal correction that likely will not be accompanied by an economic recession, and the six-year-old bull market is still alive.

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None of the 18 top equity strategists we tracked sees the S&P 500 ending the year below 2,000, or 7% higher than where it closed Friday.

We've rounded up the calls from the top firms on Wall Street, highlighting those who have revised their forecasts, and why.

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