The signs that we're heading into a recession are mounting. For instance, the yield curve has inverted, suggesting investors believe that the U.S. Federal Reserve will need to drop rates sharply in the medium term to sustain long-term economic growth. Additionally, the S&P 500 (SPX) has drawn down by more than 20%, officially declaring a bear market. Nevertheless, there are still ways to run a profitable investment portfolio during a market downturn. Wells Fargo (WFC) released a portfolio of stocks that could survive a recession. The bank's investment thesis is centered around a risk-off sentiment.
https://www.tipranks.com/news/article/3-recession-resilient-stocks-to-consider-according-to-wells-fargo?utm_source=advfn.com&utm_medium=referral
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Wells Fargo Charts.
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Wells Fargo Charts.