The contestants in CEDBR’s S&P 500 Prediction Challenge each gave a prediction for the value of the S&P 500 stock market index on August 31st, 2018.  As of November 5th, the closing date for entries into the Challenge, the S&P 500 index was valued at 2,587.  The median prediction among the contestants for the S&P 500 Index is 2,663.58 points.  On average, contestants predicted that the S&P 500 will increase by 3 percent over the next ten months, after the index increased by 14.6 percent this year to date.

Approximately 60 percent of the contestants predicted that the stock market would increase in 2018 over its November 2017 value.  Many of their predictions were more bullish than major analysts forecast for 2018.  Recently, analysts at Wells Fargo, Goldman Sachs, and Citigroup forecast the S&P 500 to reach 2,500 points, 2,600 points, and 2,675 points, respectively, in 2018. The Federal Reserve Board has forecast continued economic growth in 2018, with modest inflationary expectations and a half point increase in the Federal Funds rate projected.

S&P 500 Prediction Challenge Responses

August 31st, 2018 Forecast

November 3rd, 2017

Predicted Change

















  • Predict the Stock Market Challenge
  • Submission for Business
  • Submission for Students
  • 2018 Results

Stock Market Prediction Challenge

A challenge is available to W. Frank Barton School of Business Students at Wichita State University to make the most accurate prediction of what the closing value of the S&P 500 will be on Friday, August 30, 2019. The deadline for student submissions is March 1, 2019. 

This challenge was also issued to business professionals for the same closing date. Deadlie for professions submissions is also March 1, 2019. 

 The Award

  • Complimentary ticket to the 2019 , 40th Annual Kansas Economic Outlook Conference in October 2019.
  • Recognition - Award presented on stage at the event and on the CEDBR website
  • Major Networking Opportunity - As an attendee at the event, you will have access over 800 state and local business leaders


  • Students
    • The deadline is open until March 1, 2019.
    • If selected as the winner of the challenge, attend the 2019, 40th Annual Kansas Economic Outlook Conference (October 3, 2019) in order to receive the award.
  • Business Professionals 
    • The deadline is open until March 1, 2019
    • If selected as the winner of the challenge, attend the 2019, 40th Annual Kansas Economic Outlook Conference (October 3, 2019) in order to receive the award


SUBMISSION FORM for Business Professionals:





In January 2018 we launched a competition among Wichita State University students challenging them to submit their prediction for the closing value of the S&P 500 on August 31st, 2018. We would like to recognize the following individual for providing the most accurate prediction for this challenge. Congratulations, Vyvian Koh! He was recognized on stage at the 39th Annual Kansas Economic Outlook Conference on Thursday, October 4, 2018.


In addition, this year we also asked the business community for their predictions. Ryan Schrack, Director of Community Development for the city of Valley Center, won this year and was also recognized onstage during the ceremony.