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☆ Earnings are holding the market up right now, says Envestnet's Dana D'Auria
▼ + stars: | 2024-05-10 | 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 EmailEarnings are holding the market up right now, says Envestnet's Dana D'AuriaScott Wren, Wells Fargo Investment Institute senior global market strategist, and Dana D’Auria, Envestnet co-CIO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Envestnet's Dana D'Auria Scott Wren, Dana D’Auria, Envestnet Organizations: Fargo Investment Institute Locations: Fargo

☆ Watch CNBC's full interview with Scott Wren and Adam Crisafulli
▼ + stars: | 2024-04-04 | 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 Scott Wren and Adam CrisafulliScott Wren, Wells Fargo Investment Institute senior global equity strategist, and Adam Crisafulli, Vital Knowledge founder, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Scott Wren, Adam Crisafulli Scott Wren, Adam Crisafulli Organizations: Fargo Investment Institute, Vital Knowledge Locations: Fargo

☆ Today's market moves were largely due to geopolitical tensions, says Wells Fargo's Scott Wren
▼ + stars: | 2024-04-04 | 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 EmailToday's market moves were largely due to geopolitical tensions, says Wells Fargo's Scott WrenScott Wren, Wells Fargo Investment Institute senior global equity strategist, and Adam Crisafulli, Vital Knowledge founder, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Wells Fargo's Scott Wren Scott Wren, Adam Crisafulli Organizations: Fargo Investment Institute, Vital Knowledge Locations: Fargo

☆ Fed could cut rates fewer times than expected as economy keeps growing, according to CNBC survey
▼ + stars: | 2024-03-19 | by ( Steve Liesman | ) www.cnbc.com time to read: +2 min

But the possible downside of the better forecast: less Fed easing with the possibility that officials at their meeting this week forecast fewer rate cuts in 2024 they did in December. The CNBC Fed Survey respondents include economists, strategists and fund managers. And while the average recession probability is down, about 20% of respondents still say there's an even money chance or greater of a downturn in the next 12 months. "The larger-than-consensus reduction in the federal funds rate in my forecast is contingent on a recession that brings inflation down," said Robert Fry, of Robert Fry Economics. He has a 60% recession probability and sees the Fed slashing rates to 3.6% by year end from the current level of 5.38%.

Persons: Jerome Powell, Tom Williams, John Donaldson, it's, Scott Wren, Robert Fry Organizations: UNITED STATES, Federal, Banking, Housing, Urban Affairs Committee, Inc, Getty, CNBC Fed Survey, Haverford Trust Co, Wells, Investment Institute, CNBC Fed, Robert Fry Economics Locations: U.S

☆ S&P 500 closes above key 5,000 level for first time
▼ + stars: | 2024-02-09 | by ( Nicole Goodkind | Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —The S&P 500 closed above the 5,000 level on Friday for the first time as bullish sentiment spreads across Wall Street and investors cheered fresh data showing progress on inflation. The S&P 500 briefly topped 5,000 for the first time intraday on Thursday. It took almost 41 years for the S&P 500 to reach its first major milestone of 1,000, which it hit on February 2, 1998, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. When the S&P 500 sets a new high in January, found Sam Stovall at CFRA Research, it reaches new highs in February about 75% of the time. The S&P 500 is up about 5.4% so far this year.

Persons: Howard Silverblatt, Dow, Sam Stovall, ”, Scott Wren Organizations: New, New York CNN, Federal Reserve, Dow Jones, CFRA Research, Fed, Big Tech, Nvidia, Microsoft, Meta, Wells Fargo Investment Institute Locations: New York, Wells Fargo

☆ Wells Fargo's Scott Wren: Expect three rate cuts in '24 starting in the second half
▼ + stars: | 2024-02-07 | 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 Scott Wren: Expect three rate cuts in '24 starting in the second halfScott Wren, Wells Fargo senior global equity strategist, joins 'Money Movers' to discuss the recent comments from Federal Reserve committee members, why equity markets could look negatively at the economy and more.

Persons: Wells, Scott Wren Organizations: Federal Reserve Locations: Wells Fargo

☆ We're moving into a modest growth, modest inflation environment, says Wells Fargo's Scott Wren
▼ + stars: | 2024-01-29 | 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 EmailWe're moving into a modest growth, modest inflation environment, says Wells Fargo's Scott WrenScott Wren, Wells Fargo Sr. Global Equity Strategist and Keith Lerner, Truist Wealth Chief Market Strategist, join 'Closing Bell: Overtime' to discuss earnings and market reaction.

Persons: Wells Fargo's Scott Wren Scott Wren, Wells Fargo, Keith Lerner Organizations: Global Equity, Truist

☆ Watch CNBC’s full interview with Wells Fargo's Scott Wren and Truist's Keith Lerner
▼ + stars: | 2024-01-29 | 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 Scott Wren and Truist's Keith LernerScott Wren, Wells Fargo Sr. Global Equity Strategist and Keith Lerner, Truist Wealth Chief Market Strategist, join 'Closing Bell: Overtime' to discuss earnings and market reaction.

Persons: Wells Fargo's Scott Wren, Truist's Keith Lerner Scott Wren, Wells Fargo, Keith Lerner Organizations: Global Equity, Truist

☆ American consumers won't save the economy in 2024 and their wild holiday spending spree was a 'last hurrah', Wells Fargo says
▼ + stars: | 2024-01-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmerican consumers won't be able to prop up the US economy forever, and their wild spending spree over the holiday season was likely a "last hurrah," according to Wells Fargo. The job market also looks poised to keep softening, especially if the Fed chooses to keep interest rates higher-for-longer. "We do not believe that good holiday sales mean the spending strength will continue into and through the middle of this year." Strong consumer spending is believed to have propped up growth for much of 2023 as the Fed aggressively raised interest rates to control inflation.

Persons: —, Wells, Scott Wren, Macquarie Organizations: Service, Business, Retail, National Federation of Independent Business, Philadelphia Fed, Wells Fargo, Wall, Fed Locations: Wells Fargo

☆ Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers
▼ + stars: | 2023-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

And Ulta Beauty and Foot Locker 's shares rose this week, after the companies reported better-than-expected earnings and a strong start to holiday spending on sneakers, makeup and more. Adobe predicts that full holiday season online spending from Nov. 1 to Dec. 31 will hit $221.8 billion, which would be a nearly 5% year-over-year jump. If the estimate ends up being correct, that means shoppers still have a little more than half of their online holiday spending to go. The NRF said this week that its survey found about half of consumers' online and in-store holiday shopping remains. "People are just about tapped out, but [with] the holiday season, people are willing to even further extend themselves," he said.

Persons: Emily Elconin, That's, Dave Kimbell, Ulta, Matt Shay, Anastasiia, It's, Vivek Pandya, Pandya, Kena Betancur, Scott Wren, Wells, Shannon Stapleton Organizations: Getty, Adobe Analytics, National Retail Federation, Consumers, Walmart, Target, Adobe Digital, Adobe, Macy's, U.S . Federal, Shoppers, Reuters Locations: Oaks, Novi , Michigan, New York , New York, Wells Fargo, Macy's, Roosevelt, Garden City , New York, U.S

☆ Wall Street closes amazing November in a bullish mood, and for good reason
▼ + stars: | 2023-11-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

We are closing out an extraordinary month: The S & P 500 is up nearly 9%, its fourth-best month in 12 years. The equal weight S & P 500 is up almost as much as the market-cap weighted S & P 500. Of the 10 major financial firms, only two (Morgan Stanley and JP Morgan) see the S & P 500 lower next year. Wall Street strategists' year-end S & P 500 estimates . That puts the S & P 500 at a very rich multiple of almost 19 times forward earnings (17x is the historic norm).

Persons: Russell, Morgan Stanley, JP Morgan, Goldman Sachs, Morgan, bullish, Brian Belski, Scott Wren, Wren, That's, JP Morgan's, Dubravko Organizations: Wall, Deutsche Bank, BMO Capital Markets, Capital Markets, Bank of America, Barclays, Goldman, UBS Global Wealth, Wells, Wells Fargo Securities, Treasury, Core PCE, Wells Fargo Institute, CNBC Locations: Wells Fargo, Atlanta

☆ The market is telling us the Fed is done hiking rates, things are slowing, says BD8's Barbara Doran
▼ + stars: | 2023-11-29 | 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 EmailThe market is telling us the Fed is done hiking rates, things are slowing, says BD8's Barbara DoranBarbara Doran, BD8 Capital Partners CIO, and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Barbara Doran Barbara Doran, Scott Wren Organizations: BD8 Capital, Fargo Investment Institute Locations: Fargo

☆ Investors are 'racing to get back into good names', says BD8's Barbara Doran
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are 'racing to get back into good names', says BD8's Barbara DoranBarbara Doran, BD8 Capital Partners CIO and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Barbara Doran Barbara Doran, Scott Wren Organizations: BD8 Capital, Fargo Investment Institute Locations: Fargo

☆ Bonds or stocks? Wall Street shares its preference — and how to invest
▼ + stars: | 2023-11-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

UBS Both stocks and bonds retreated in October in the wake of war in the Middle East and concerns about rates, UBS said. Wells Fargo Investment Institute In an Oct. 30 note, Wells Fargo said it expects a recession and the average stock will likely continue to struggle. How to invest UBS favors the higher-quality segments of fixed income, preferring high-grade government and investment-grade bonds. Overall, Wells Fargo said, it's most favorable on U.S. long-term taxable fixed income, and its short-term counterpart, and favorable on U.S. taxable investment-grade fixed income. It's least favorable on U.S. intermediate-term taxable fixed income and high yield taxable fixed income.

Persons: Stocks, Jerome Powell, it's, inching, Scott Wren, Wells Fargo, Wells Fargo's Wren, Schroders Bond, Schroders, Neil Sutherland, Sutherland, — CNBC's Michael Bloom Organizations: U.S, U.S . Federal, Treasury, Wells, Wells Fargo Investment Institute, UBS Locations: U.S ., Wells Fargo, U.S

☆ 'We are set up for a rally into the end of the year', says Hightower's Stephanie Link
▼ + stars: | 2023-11-02 | 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 Email'We are set up for a rally into the end of the year', says Hightower's Stephanie LinkStephanie Link, Hightower chief investment strategist, and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action and the latest set of economic data.

Persons: Stephanie Link Stephanie Link, Hightower, Scott Wren Organizations: Fargo Investment Institute Locations: Fargo

☆ 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

☆ Treasury selloff will end in Q4 as oil prices spike -Goldman Sachs
▼ + stars: | 2023-10-19 | by ( David Randall | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Treasury yields, which move inversely to prices, hovered near their highest levels since 2007 on Thursday, continuing a bond market selloff that has pushed yields up by more than 40 basis points since the start of October. At close to 5%, 10-year Treasury yields are significantly above their fair value of 4.2% to 4.3%, Goldman Sachs noted. Treasuries will likely rally as the economy hits a "pothole" in the fourth quarter, Goldman Sachs said. "The key risk to this trade is that U.S. data is stronger than expected leading yields to fall less than our strategist expects," Goldman Sachs wrote.

Persons: Kevin Lamarque, Goldman Sachs, Treasuries, Scott Wren, Wren, David Randall, Will Dunham Organizations: Department of, U.S . Treasury, REUTERS, Treasury Bond ETF, Treasury, Wells, Investment Institute, Thomson Locations: Washington , U.S, U.S, Wells Fargo

☆ The stock market has some lower levels in it, says Wells Fargo's Scott Wren
▼ + stars: | 2023-10-11 | 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 EmailThe stock market has some lower levels in it, says Wells Fargo's Scott WrenScott Wren, Wells Fargo Investment Institute Senior Global Market Strategist, joins 'Closing Bell: Overtime' to discuss inflation, the Fed and the markets.

Persons: Wells Fargo's Scott Wren Scott Wren Organizations: Fargo Investment Institute Senior Global Market, Fed Locations: Fargo

☆ Watch CNBC's full interview with Lisa Shalett and Scott Wren
▼ + stars: | 2023-08-28 | 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 Lisa Shalett and Scott WrenLisa Shalett, Morgan Stanley Wealth Management CIO and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Lisa Shalett, Scott Wren Lisa Shalett, Morgan, Scott Wren Organizations: Morgan Stanley Wealth Management, Fargo Investment Institute Locations: Fargo

☆ We're looking for a pullback from here, fading this rally, says Wells Fargo's Scott Wren
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're looking for a pullback from here, fading this rally, says Wells Fargo's Scott WrenLisa Shalett, Morgan Stanley Wealth Management CIO and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Wells Fargo's Scott Wren Lisa Shalett, Morgan, Scott Wren Organizations: Morgan Stanley Wealth Management, Fargo Investment Institute Locations: Fargo

☆ Buy Treasurys now. There may not be a better chance for a long while at these high rates, Wells Fargo says
▼ + stars: | 2023-08-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Investors who want to lock in high rates on longer-term Treasurys may want to act sooner rather than later, according to Wells Fargo Investment Institute. The 10-year Treasury is currently yielding around 4.2%. "We think 10-year Treasury yields in the 4% to 4.5% zone may represent a fixed-income opportunity for investors who have been seeking higher yields over the course of the last 15 years," he added. "It makes sense that investors would require a higher yield when purchasing government debt in the wake of these announcements," he said. In addition to 10-year Treasurys, the bank has also lowered its equities allocation and "parked" those funds in short-term Treasurys, getting yields over 5% in 3-month, 6-month and 12-month maturities, Wren wrote.

Persons: Scott Wren, Wren, Wells Organizations: Wells Fargo Investment Institute, Treasury, Federal Reserve, U.S . Treasury Locations: Wells Fargo

☆ More firms on Wall Street are bracing for a stock sell-off. Here's why JPMorgan, Wells Fargo, and others say the market's huge gains are at risk.
▼ + stars: | 2023-08-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Some Wall Street analysts are sounding the alarm for a coming sell-off in stocks. That comes as the S&P 500 enjoys its best year since 1927, gaining 18% from January. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. That comes as the S&P 500 enjoys one of its best years since 1927, largely thanks to Wall Street's excitement for artificial intelligence. But he sees the overall S&P 500 ending the year at 4,600-4,800, above current levels.

Persons: Eduardo Munoz JPMorgan, JPMorgan's Marko Kolanovic, Shannon Stapleton Wells, Scott Wren, Wren, Brendan McDermid, Rosenberg, David Rosenberg Organizations: Service, REUTERS, Reuters BlackRock, Rosenberg Research, Dow Locations: Wall, Silicon

☆ Stocks could see a sharp sell-off as the possibility of resurgent inflation threatens the FOMO-fueled rally, Wells Fargo says
▼ + stars: | 2023-08-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Investors shouldn't chase the current FOMO-fueled rally in stocks, Wells Fargo warned. Core inflation accelerated 0.2% in June, and though payrolls rose by a less-than-expected 209,000 jobs last month, the labor market remains resilient, a factor that could potentially drive inflation higher. "If inflation's descent flattens out and reverses as interest rates rise higher, we believe the sectors that have driven this rally should be vulnerable to sharp pullbacks," Wren warned. Wells Fargo predicted the S&P 500 would end the year between 4,600-4,800. In addition to stubborn inflation, investors could also be slammed with a corporate earnings recession, Morgan Stanley has warned.

Persons: Wells, Wells Fargo, Scott Wren, Wren, Morgan Stanley Organizations: Service Locations: Wall, Silicon

☆ There's more pain coming for residential and commercial real estate as tight credit and job worries threaten property markets
▼ + stars: | 2023-07-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Residential and commercial real estate have more pain coming as financial conditions tighten, Wells Fargo said. Commercial real estate is struggling as work-from-home trends remain popular, the bank said. Meanwhile, in commercial real estate, office demand is still way down as work-from-home trends remain popular. "We expect commercial real estate to underperform on a relative basis in the near-to-intermediate term," Wren said of the sector. Meanwhile, commercial real estate prices are in danger of falling dramatically, with Morgan Stanley strategists predicting a 40% peak-to-trough decline.

Persons: Wells Fargo, Scott Wren, that's, Wren, Banks, Morgan Stanley Organizations: Housing, Service, Silicon Valley Bank, National Association of Realtors, Real Estate Investment Locations: Wall, Silicon, Wells Fargo, underperform

☆ Watch CNBC's full interview with Victoria Greene and Scott Wren
▼ + stars: | 2023-07-14 | 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 Victoria Greene and Scott WrenVictoria Greene, G Squared Private Wealth and Scott Wren, Wells Fargo Investment Institute Senior Global Market Strategist, join CNBC's Leslie Picker and 'Closing Bell Overtime' to talk the day's market action.

Persons: Victoria Greene, Scott Wren Victoria Greene, Scott Wren, CNBC's Leslie Picker Organizations: Wealth, Fargo Investment Institute Senior Global Market Locations: Fargo

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