Reported about 6 hours ago
Wells Fargo's global investment strategist, Veronica Willis, highlights the upcoming Consumer Price Index (CPI) release as a potential market catalyst, noting that Wall Street may not be fully prepared for inflation rates that exceed expectations. She anticipates increased market volatility until the end of the year, with a predicted midpoint target of 5400 for the S&P 500. Despite short-term fluctuations, Willis encourages a long-term investment perspective, suggesting that the volatility could provide opportunities for portfolio rebalancing in preparation for anticipated growth in 2025.
Source: YAHOO