Wichita State releases 2022 business professionals stock market predictions
Nov. 15, 2021
By WSU Strategic Communications
Contact: Jeremy Hill, director, W. Frank Barton School of Business Center for Economic Development
and Business Research, 316-213-3673 or jeremy.hill@wichita.edu.
As reported in the Center for Economic Development and Business Research's fifth annual
stock market challenge, Kansas business professionals are forecasting a slowdown in
the S&P 500 stock mark index for Sept. 1, 2022.
At the closing date of the annual survey, the value of the S&P 500 on Nov. 8, 2021,
was 4,701.7. The consensus forecast of business professionals was for the market to
expand by 56 points over the next year, equating to only 1.2% growth.
Growth expectations varied from a decline of 17% to a growth of 21%. To put this in
perspective, the long-run average from 1926 to 2018 was between 10% and 11% per year;
and over the last year, it was 34%. Therefore, an increase of 1.2% is a considerable
divergence from the historical and recent trends.
The consensus forecast of Kansas business professionals was not far out of line with
Goldman Sacks and JP Morgan. Both forecasting leaders expect a limited upside to the
market in 2022, with Goldman predicting a gain of 4.3% and JP Morgan 6%. Embedded
in all three outlooks is some type of correction within the market.
Wichita State University serves as the Kansas urban-based research university, enrolling
more than 16,000 students from every state in the U.S. and more than 100 countries.
Wichita State and WSU Tech are recognized for being student centered and innovation
driven.
Located in the largest city in the state with one of the highest concentrations in
the United States of jobs involving science, technology, engineering and math (STEM),
Wichita State University provides uniquely distinctive and innovative pathways of
applied learning, applied research and career opportunities for all of our students.
The Innovation Campus, which is a physical extension of the Wichita State University main campus, is one
of the nation’s largest and fastest-growing research/innovation parks, encompassing
over 120 acres and is home to a number of global companies and organizations.
