- Most equity strategists at major Wall Street firms expect 2019 to be another positive year for the stock market, but with major setbacks.
- The feverish gains previously seen during this bull market run are not expected to last much longer, and assets that previously underperformed are falling back into favor.
- Business Insider rounded up the forecasts and investing tips for navigating 2019 from strategists at Wall Street's top firms.
"Own stocks, but it ends next year."
That quote, from Savita Subramanian at Bank of America Merrill Lynch, neatly sums up the outlook for next year from most top equity strategists on Wall Street.
After a year that saw the return of volatility, an ever-escalating trade war between the world's two largest economies, a massive dose of fiscal stimulus, and an extension of the near-record bull run, the consensus is gradually turning bearish.
Given these factors, investors are being advised to carve out positions in assets that have not been stars of the nearly 10-year bull market, such as cash and value stocks. Moreover, these assets will come in handy if volatility remains high and economic growth slows down next year, as is widely expected.
We've rounded up these recommendations and other investing tips for navigating the stock market in 2019 from the chief equity strategists at top Wall Street firms. We've also included each person's year-end S&P 500 and earnings-per-share targets.