As someone who wrote about predictions by Wall Street gurus as a reporter at large daily newspapers and national magazines, one of my greatest frustrations was never following up on the results of the seers' picks. It was just too difficult. There were too many other stories. It was laborious work. It is extremely rare for newspapers or magazines to hold to account these gurus.
Having always wanted to focus on this blind spot, I am pleased to have recently completed a six-minute video that advisors can place on their websites that follows up on Wall Street's predictions.
Every few months, Fritz Meyer, and independent economist, updates advisors on the performance of sector picks by Wall Street's "top" investment strategists -- strategists for 10 of the largest buy-side and sell-side Wall Street brokerages.
Fritz looks at the picks made by the strategists in the December issue of Barron's every year. The strategists are asked by Barron's to pick the best and worst performing sectors for the calendar year ahead. Barron's started publishing its annual "Outlook" cover story in 2005 and Fritz has meticulously tracked the results every year. I've turned Fritz's summary into content you can give your clients. Below is a 15 second snippet.