Wells Fargo Investment Institute Releases Midyear Outlook “Eyes Forward: Opportunities and Obstacles”
June 17 2019 - 9:00AM
Business Wire
Outlook suggests the S&P 500 will close around 2,850 at the
end of 2019
Wells Fargo Investment Institute (WFII) today released its “2019
Midyear Outlook Eyes Forward: Opportunities and Challenges.” The
report makes the case that the current 10-year economic expansion
is not over and that all avenues for investors to consider will
require careful assessment.
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the full release here:
https://www.businesswire.com/news/home/20190617005186/en/
2019 WFII Forecasts (Graphic: Business
Wire)
“The theme we adopted at the beginning of 2019, ‘the end of
easy,’ still resonates,” said Darrell Cronk, president of WFII and
chief investment officer of Wealth and Investment Management at
Wells Fargo. “The first half of 2019 has delivered exceptionally
strong capital market returns across most major asset classes.
However, there are risks for investors to keep an eye on such as a
meaningful yield-curve inversion, continued volatility in equity
markets, and heightened geopolitical tensions.”
Paul Christopher, head of global market strategy for WFII, said,
“Since early 2018, investor concerns have focused mostly on
political uncertainties, and we view these as the main economic
risk. Whether we are looking at Brexit or drawn-out trade
negotiations, these geopolitical elements can deepen pressure on
business confidence here in the U.S.”
To help investors maintain a forward focus, “they should
consider rebalancing their portfolios to increase diversification
and exposure toward areas of economic growth and where valuations
remain attractive,” added Christopher.
The report outlines five strategies for investors to consider in
the second half of 2019:
- Rebalance when volatility strikes.
- Potentially reduce price volatility
with income-generating assets.
- Use cash to your advantage.
- Consider greater exposure to emerging
market equities and sectors with higher-quality earnings.
- Add strategies that can benefit from
various market conditions.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,700 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 33 countries and territories to support customers who
conduct business in the global economy. With approximately 262,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at
Wells Fargo Stories.
About Wells Fargo Investment Institute
Wells Fargo Investment Institute (WFII) is a registered
investment adviser and wholly owned subsidiary of Wells Fargo Bank,
N.A., a bank affiliate of Wells Fargo & Company, providing
investment research, strategy, manager research and thought
leadership within the Wealth and Investment Management division
(WIM), with the goal of supplying world class advice to the
company’s financial and wealth advisers.
General Disclosures
Estimates and forecasts are not guaranteed and are subject to
change.
Equity securities are subject to market risk which means their
value may fluctuate in response to general economic and market
conditions and the perception of individual issuers. Investments in
equity securities are generally more volatile than other types of
securities.
Rebalancing cannot eliminate the risk of fluctuating prices and
uncertain returns.
Investing in foreign securities presents certain risks not
associated with domestic investments, such as currency fluctuation,
political and economic instability, and different accounting
standards. This may result in greater share price volatility. These
risks are heightened in emerging markets.
The information in this report was prepared by Global Investment
Strategy. Opinions represent GIS’ opinion as of the date of this
report and are for general information purposes only and are not
intended to predict or guarantee the future performance of any
individual security, market sector or the markets generally. GIS
does not undertake to advise you of any change in its opinions or
the information contained in this report. Wells Fargo & Company
affiliates may issue reports or have opinions that are inconsistent
with, and reach different conclusions from, this report.
The information contained herein constitutes general information
and is not directed to, designed for, or individually tailored to,
any particular investor or potential investor. This report is not
intended to be a client-specific suitability analysis or
recommendation, an offer to participate in any investment, or a
recommendation to buy, hold or sell securities. Do not use this
report as the sole basis for investment decisions. Do not select an
asset class or investment product based on performance alone.
Consider all relevant information, including your existing
portfolio, investment objectives, risk tolerance, liquidity needs
and investment time horizon.
The Consumer Price Index (CPI) produces monthly data on
changes in the prices paid by urban consumers for a representative
basket of goods and services.
S&P 500 Index is a market capitalization-weighted index
composed of 500 widely held common stocks that is generally
considered representative of the U.S. stock market.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190617005186/en/
MediaKelly Reilly,
314-797-9701kelly.reilly@wellsfargo.com
Allison Chin-Leong,
212-214-6674Allison.chin-leong@wellsfargo.com
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