The stock market rarely produces average returns

Money Road firms have started distributing their 2023 figures for the S&P 500.

Targets distributed by seven top-value specialists range from 3,800 to 4,200, inferring returns of 4% to 15% from current levels.

We'll just know how precise these calls are looking back. We do, nonetheless, realize that last year's 2022 figures have demonstrated exceptionally wrong up to this point.

As of Dec. 5, 2021, 14 tacticians followed by TKer.co had long-term end S&P 500 targets going from 4,400 to 5,300.

At that point, the suggested one-year returns went from - 3% to +17%.

Let's take a minute sometime and really appreciate making these momentary figures.

One thing is that they frequently float around a midpoint assumption for around 8% to 10% returns.

Also, what difference would it make? By and large, the normal yearly profit from the S&P is around 8% to 10%.

Tragically, 8% to 10% returns aren't quite as normal as you would naturally suspect.

Look at these two diagrams distributed last week from An Abundance of Good judgment. They graph the yearly returns of the S&P 500 beginning around 1977.