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☆ Wells Fargo expects two rate cuts in the second half of 2024
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo expects two rate cuts in the second half of 2024Paul Christopher, global head of market strategy at Wells Fargo Investment Institute, Stephanie Roth, chief investment economist at Wolfe Research, and CNBC's Steve Liesman join 'The Exchange' to share their expectations from the Federal Reserve on rate cuts.

Persons: Paul Christopher, Stephanie Roth, Steve Liesman Organizations: Wells, Wells Fargo Investment Institute, Wolfe Research, Federal Locations: Wells Fargo

☆ Tension in the Middle East, hot inflation rattle stocks. Take these steps to shore up your portfolio
▼ + stars: | 2024-04-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Conflict in the Middle East escalated over the weekend as Iran launched drones and missiles at Israel, and traders braced for a response. Investors have already been on edge as of late amid climbing oil prices and recent economic data that shows inflation is remaining sticky. Rockier times could be ahead, too, noted Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute. Tax-loss harvesting involves selling losers in your taxable account and using these losses to offset realized gains within your portfolio. Extending duration involves adding exposure to bonds with greater price sensitivity to changes in rates.

Persons: Paul Christopher, Christopher, rebalancing, Gargi Pal Chaudhuri Organizations: Wells, Wells Fargo Investment Institute, Information Technology, Communications Services, BlackRock, Treasury Bond ETF Locations: Fresh, Iran, Israel, Wells Fargo, BlackRock

☆ How to invest $100,000 right now, according to the pros
▼ + stars: | 2024-02-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts where they recommend allocating $100,000. "By investing purely in cash and fixed income, you can already get a decent return," Jia said. And with global central banks cutting rates, fixed income will likely benefit from capital gains as well because of the duration." Within fixed income, Jia likes government bonds from developed countries and investment-grade bonds from "reputable firms," which offer "quality" and "longer-term growth" potential. Investors nearing retirement, for instance, should have a more conservative portfolio mix of 80% in fixed income and 20% in equities, according to Jia.

Persons: Paul Christopher —, Christopher, Kevin Teng, Teng, Morgan Stanley, Rickie Jia, Jia, Group's Teng, Pictet's Jia Organizations: Treasury, Wells Fargo Investment, CNBC Pro, Wrise Wealth Management Singapore, U.S . Federal Reserve, Microsoft, Pictet Wealth Management Locations: Wells Fargo, Asia, East, Europe, U.S

☆ Fed meeting: Here's what to expect
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed meeting: Here's what to expectSubadra Rajappa, Societe Generale head of U.S. rates strategy, Paul Christopher, Wells Fargo Investment Institute head of global market strategy, and Joe Lavorgna, SMBC Nikko Securities America chief economist, join 'The Exchange' to discuss a timeline for Fed rate easing, U.S. economic health, and more.

Persons: Subadra, Paul Christopher, Joe Lavorgna Organizations: Societe Generale, Wells Fargo Investment Institute, Nikko Securities America Locations: Wells Fargo

☆ Wells Fargo's Paul Christopher says, there's value in energy and likes these non-tech sectors
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Paul Christopher says, there's value in energy and likes these non-tech sectorsPaul Christopher, Wells Fargo Investment Institute head of global investment Strategy and Mimi Duff, Gentrust Managing Director, join 'Closing Bell: Overtime' to discuss opportunities in the market.

Persons: Wells Fargo's Paul Christopher, Paul Christopher, Mimi Duff Organizations: Wells Fargo Investment Institute, Gentrust Locations: Wells Fargo

☆ S&P 500 to see small gain in 2024 as US economic risks rise - Reuters poll
▼ + stars: | 2023-11-21 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

The S&P 500 is up about 18% for 2023 to date. WFII sees the S&P 500 ending next year between 4,600 and 4,800. Geopolitical problems are among other risks to the market heading into 2024, strategists said, with investors closely watching the war between Israel and Hamas militants in Gaza. Overall S&P 500 earnings growth for 2023 is estimated at 2.3% after a weak first half of the year, according to LSEG data. The S&P 500 index's forward 12-month price-to-earnings ratio is now at 19.1, up from 17 at the end of 2022 and its long-term average of about 16, based on LSEG data.

Persons: Brendan McDermid, Paul Christopher, WFII, CME's, Goldman, Tim Ghriskey, Ingalls & Snyder, Dow, Caroline Valetkevitch, Chuck Mikolajczak, Sinead Carew, Stephen Culp, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Alexandra Hudson Organizations: New York Stock Exchange, REUTERS, Reuters, Wall, Federal, Wells, Wells Fargo Investment Institute, U.S, Ingalls &, Dow, Alexandra Hudson Our, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza, New York, Monday's, Bengaluru

☆ Should you lock in those high yields right now? Here's what Wall Street is saying, and how to invest
▼ + stars: | 2023-10-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But with 10-year Treasury yields surging to 5% - a 16-year high , many investors might now be tempted to lock in those high yields and buy into bonds. "You may not see such high yields as these in the next year or two," he told CNBC's " Squawk Box Asia " on Thursday. Bond prices and bond yields move in opposite directions. It's unfavorable on U.S. intermediate-term fixed income, as well as high yield taxable fixed income. Types of fixed income that it's overweight on include short-term U.S. Treasurys, U.S. inflation-linked bonds, U.K. gilts and emerging market bonds.

Persons: Wells, Paul Christopher, CNBC's, Christopher, Wells Fargo, Thomas Poullaouec, Rowe Price, Wells Fargo's Scott Wren, Bryn Jones, Rathbones, there's, Jones, He's, BlackRock Organizations: Investment, U.S, gilts, BlackRock Investment, U.S . Federal Reserve, Treasurys Locations: Asia, Pacific

☆ Analysis: Potential US government shutdown could dent investor confidence
▼ + stars: | 2023-09-08 | by ( David Randall | ) www.reuters.com time to read: +5 min

Investors might be more sensitive to a shutdown this time around, however. With only weeks to go before the deadline, the Republican-led House of Representatives has approved only one of those 12 bills. 'LESS FRIENDLY POLICY'If it occurs, the shutdown would be the fourth over the last decade and would furlough roughly three of out five federal civilian workers. The White House last month said it was working with Congress to hammer out a short-term funding measure to avoid a shutdown while longer-term spending talks continue. Analysts at Ned Davis Research said a shutdown could add to factors threatening to roil the economy into next year.

Persons: Dado Ruvic, Goldman Sachs, Fitch, ”, Jamie Cox, Kevin McCarthy, Joe Biden, Paul Christopher, Christopher, Ned Davis, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: REUTERS, Goldman, Social, Federal, Harris Financial Group, Caucus, House Republican, Republican, Senate, Congressional, Office, Wells, Wells Fargo Investment Institute, Democrats, Ned, Ned Davis Research, CFRA Research, Thomson Locations: Wells Fargo

☆ Here's why Wells Fargo's Paul Christopher is expecting one more rate hike
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Wells Fargo's Paul Christopher is expecting one more rate hikeWilmington Trust's Tony Roth and Wells Fargo Investment Institute's Paul Christopher join 'Squawk on the Street' to discuss the conditions that could lead to another rate hike, the economy's deflationary data, and the calculus for equities.

Persons: Wells Fargo's Paul Christopher, Tony Roth, Paul Christopher Organizations: Wilmington, Wells, Wells Fargo Investment Locations: Wells Fargo

☆ Stocks fall, yields rise after hotter than expected inflation reading
▼ + stars: | 2023-08-11 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

The U.S. producer price index (PPI) for final demand rose 0.3% in July, according to the Labor Department. And in the 12 months through July, the PPI rose 0.8% against estimates for a 0.7% advance. On Thursday, Wall Street's main indexes had finished flat, giving up most early gains on milder-than-feared consumer price inflation data. In currencies, the dollar index rose 0.107%, with the euro down 0.18% to $1.0959. On the U.S. Treasuries side, yields rose after the hotter than expected PPI.

Persons: Brendan McDermid, Paul Christopher, Christopher, Mary Daly, Sterling, Brent, Sinéad Carew, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Treasury, Reserve, Labor Department, PPI, Wells, Wells Fargo Investment Institute, Dow Jones, Nasdaq, San Francisco Federal Reserve Bank, Britain, International Energy Agency, Thomson Locations: New York City, U.S, Wells Fargo, St Louis, Asia, Pacific, Japan, London

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. European shares gained modestly after euro zone inflation fell further in July seeing that most measures of underlying price growth also eased. "Data out this week should remain superficially consistent with the 'soft landing' narrative," Citi market strategists wrote in a note. Japanese 10-year yields surged to a nine-year high up to 0.6% on Monday, and toward the new cap of 1.0%. U.S. crude rose 1.63% to $81.89 per barrel and Brent was at $85.56, up 0.67% on the day.

Persons: Brendan McDermid, Florian Ielpo, Paul Christopher, Christopher, Austan Goolsbee, Sterling, Brent, Lawrence Delevingne, Nell Mackenzie, Nick Macfie, Will Dunham, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Apple Inc, Caterpillar Inc, Starbucks Corp, Devices, Markets, European Central Bank, Lombard, U.S, Citi, Intel, Lam Research, Wells Fargo Investment, Chicago Federal Reserve Bank, Bank of England, Bank of, Federal Reserve, Bank of Japan, Treasury, Thomson Locations: New York City, U.S, Wells Fargo, Boston, London

☆ Too much tech in the portfolio? Wells Fargo strategist names 3 other sectors for long-term investors
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToo much tech in the portfolio? Wells Fargo strategist names 3 other sectors for long-term investorsPaul Christopher from Wells Fargo Investment Institute says it is an opportunity right now to put cash in sectors which have more 'persistence' and 'longevity'. He also shares his outlook on the global AI race and upcoming earning reports from big tech companies.

Persons: Wells, Paul Christopher Organizations: Wells Fargo Investment Institute Locations: Wells Fargo

☆ 'Don't chase this equity rally': Wells Fargo strategist has a warning for investors ahead of Fed meeting
▼ + stars: | 2023-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's a risk that stocks will go downhill from here, according to Wells Fargo's Paul Christopher, as he warned investors not to chase the current rally. "Even if the Fed stays on hold next week, we don't think the Fed stays on hold for very long — inflation is just too sticky." Christopher added that he does not believe the Fed will cut rates this year. History shows the S & P 500 doesn't bottom until, on average, six months after the first Fed rate cut, Christopher said. The rally has been a narrow-focused one, however, with gains driven by just a few major tech stocks.

Persons: Wells Fargo's Paul Christopher, Paul Christopher, he's, CNBC's, Christopher Organizations: Wells, Investment Institute, U.S . Federal, CNBC, Nasdaq, Treasury Locations: U.S

☆ Analysis: US debt ceiling deal could stall safety flight fueling megacap rally
▼ + stars: | 2023-05-19 | by ( David Randall | ) www.reuters.com time to read: +5 min

Their rally has been responsible for all of the 8.3% year-to-date gain in the S&P 500 (.SPX) through Wednesday's close, a Deutsche Bank report showed. A recent survey of global fund managers from BofA Global Research showed that 71% believe a deal to raise the debt ceiling will be reached before the X-date. Excitement over artificial intelligence, which has boosted some megacap names this year, is another factor that could support the category. At the same time, the debt ceiling has been only one of of several worries weighing on the market. Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, expects lawmakers will reach an agreement to extend the debt ceiling through September.

☆ Premarket stocks: Why current US recession warnings are unlike all the others
▼ + stars: | 2023-05-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A US recession is coming, they say, in the second half of 2023. JPMorgan CEO Jamie Dimon warned on Thursday of great economic danger lurking just over the horizon. Things weren’t great last year: Inflation hit a 40-year peak, gas prices were elevated, consumer sentiment plunged and markets fell by 20%. “This has been the most predicted potential recession in memory,” said Federal Reserve Bank of Richmond President Tom Barkin way back in January. Historically, recession typically coincides with that peak, said Barry Gilbert, asset allocation strategist for LPL Financial.

☆ Watch CNBC's full interview with Wells Fargo's Paul Christopher
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Paul ChristopherPaul Christopher, head of global impact strategy at Wells Fargo Investment Institute, joins 'The Exchange' to discuss downside risks ahead, downtrend signs in inflation, and global tech companies making gains off a weaker dollar.

☆ Quality characteristics in tech remain relevant for investors, says Wells Fargo's Paul Christopher
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQuality characteristics in tech remain relevant for investors, says Wells Fargo's Paul ChristopherPaul Christopher, head of global impact strategy at Wells Fargo Investment Institute, joins 'The Exchange' to discuss downside risks ahead, downtrend signs in inflation, and global tech companies making gains off a weaker dollar.

☆ Analysis: Wall Street heavyweights warn against ‘Goldilocks’ hopes
▼ + stars: | 2023-01-25 | by ( David Randall | ) www.reuters.com time to read: +5 min

The odds are “too high on Goldilocks; there’s still no easy way out,” analysts at BoFA Global Research wrote on Tuesday. Stocks tend to perform poorly in economic downturns, with the S&P 500 falling an average of 29% during recessions since World War Two, according to Truist Advisory Services. Those rebounds inevitably crumbled, leaving the S&P 500 with a 19.4% annual loss, its worst since 2008. The most recent rally has lifted the S&P 500 more than 11% from its October lows. Strategists polled by Reuters at the end of 2021 saw the S&P 500 gaining a median of 7.5% last year.

☆ The case for investing in China's reopening is strong. Here's how to proceed with caution
▼ + stars: | 2023-01-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +11 min

Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

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