Reported about 19 hours ago
Wells Fargo suggests that the recent stock market rally, especially post-election, may be followed by a 'hangover' due to a disconnect between market performance and economic data. With the S&P 500 experiencing a significant rise, the bank warns of a potential 7% pullback as investor optimism overshadows lukewarm economic indicators. Despite these concerns, Wells Fargo maintains a positive outlook for 2025, predicting further growth in stock values.
Source: YAHOO