Wall Street strategists are abiding by a new motto these days: When in doubt, copy everyone else.
The gap between the most optimistic and pessimistic strategist forecasts is just 9%, the smallest on record dating back to 1999, according to Jason Goepfert, founder of Sundial Capital Research.
Bottom line: There is a record amount of “group think” in this year's round of highly-paid professional guesses.
What could go wrong?
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