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☆ Some market experts are talking about 'animal spirits.' Here's what that means when it comes to investing
▼ + stars: | 2024-11-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Yet, some experts say they are seeing a renewal of so-called animal spirits. "Animal spirits" is a term first coined by economist John Maynard Keynes and refers to the tendency for human emotion to drive investment gains and losses. watch nowSome experts say animal spirits are a sign of consumer confidence. "It's essentially why dead investors outperform living investors, because dead investors are not impacted by their animal spirits," Klontz said. Research has shown dead investors' portfolios tend to outperform, since they are left untouched because they are less likely to be influenced by emotional decisions, such as panic selling or buying.

Persons: Timothy A, Clary, Donald Trump, John Maynard Keynes, Brad Klontz, Klontz, Scott Wren, Wells, Wren, —, We're Organizations: New York Stock Exchange, Getty, Trump, Dow Jones, Research, Investors Locations: Wells Fargo, U.S

☆ A huge amount of opportunity in markets, Wren Sterling CIO says
▼ + stars: | 2024-11-08 | 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 EmailA huge amount of opportunity in markets, Wren Sterling CIO saysRory McPherson, chief investment officer at Wren Sterling, discusses the outlook for global stocks and the performance of the U.K.’s FTSE 100 index.

Persons: Wren Sterling, Rory McPherson Organizations: ’

☆ Dow closes up 563 points as investors shake off jobs report
▼ + stars: | 2024-11-01 | 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 EmailDow closes up 563 points as investors shake off jobs reportJose Rasco, HSBC Global Private Banking and 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: Dow, Jose Rasco, Scott Wren Organizations: HSBC Global Private Banking, Wealth Management, Fargo Investment Institute Locations: Fargo

☆ Arizona lawyers keep distance from GOP's 'election integrity' operation amid concern over Kari Lake's fraud claims
▼ + stars: | 2024-10-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Vaughn Hillyard | ) www.nbcnews.com time to read: +7 min

Earlier this month, Kory Langhofer resigned as the chief legal counsel for former President Donald Trump's and the Republican National Committee’s “election integrity” operation in Arizona. “There’s just a perception that [Republican lawyers] are not doing enough proactively,” a second lawyer said about staving off supposed fraud. “Is it possible we are all being gaslit by the @gop regarding a fake ‘Election Integrity’ program that doesn’t actually exist?” Wren wrote in the post. Harmeet Dhillon, attorney and member of the Republican National Committee, will oversee the GOP's legal efforts around the election in Arizona. “We are full steam ahead in our unprecedented dedication to Election Integrity,” she added.

Persons: Kari Lake’s, Kory Langhofer, Donald Trump's, Langhofer, ” “ Kari, ”, “ There’s, staving, Trump, Harmeet Dhillon, Dhillon doesn’t, “, Lake’s, Caroline Wren, Wren, onboarded Dhillon, Dhillon, Kyle Grillot, Gina Swoboda, Swoboda, Kari Lake, Bryan Blehm, Stephen Richer, Richer, Adrian Fontes, — Organizations: Republican National, White, Trump, NBC News, Arizona Republican, GOP, Republican, RNC, Lake, Republican National Committee, Bloomberg, Getty, Arizona Republican Party, NBC, Arizona Republicans, Arizona Supreme Court, Arizona voters, ’, ”, Democratic Locations: PRESCOTT, Ariz, Arizona, —, California, ”, Maricopa County, An Arizona

Major infrastructure upgrades meant to protect Florida’s Tampa Bay area from flooding are months away from completion, as the vulnerable region braces for what could be the worst hurricane in more than a century, officials said. Hurricane Milton is expected to strike the Tampa area overnight Wednesday and into Thursday morning with life-threatening storm surge of up to 15 feet, said Austen Flannery, a meteorologist with the National Weather Service’s Tampa office. Since then, the region’s population has grown from roughly 400,000 people to 3.8 million, and the number of buildings has either tripled or quadrupled, according to the Tampa Bay Regional Planning Council. The National Weather Service said Tuesday was the last full day for Florida residents to do so. “This is playing out to be one of our worst case scenarios for our area,” said Wren Krahl, the Tampa Bay Regional Planning Council's executive director.

Persons: Hurricane Milton, Austen Flannery, Ian, Helene, ” Flannery, ” Milton, Joshua Cascio, ”, ” Cascio, Cascio, Adam Smith, ” Smith, Dennis Smith, Smith, Ron DeSantis, Flannery, Wren Krahl, “ I’ve Organizations: Hurricane, Weather, National Weather Service, Workers, Florida State University’s Department of Urban, World Bank, Tampa, Tampa Bay Regional Planning, Statewide, Florida Gov, Tampa Bay Regional Locations: Florida’s Tampa Bay, Tampa, ”, Florida, Seminole, Milton, “ Tampa, Miami, Tampa Bay, Milton’s

☆ Stocks aren't cheap and there's risk but investors don't want to get too defensive, says WFII's Wren
▼ + stars: | 2024-10-03 | 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 EmailStocks aren't cheap and there's risk but investors don't want to get too defensive, says WFII's WrenScott Wren, Wells Fargo Investment Institute senior global market strategist, joins 'Money Movers' to discuss Wren's current investing stance, how aggressive Wren's positioning is, and if the strategist wants to adjust his S&P price target.

Persons: WFII's Wren Scott Wren Organizations: Fargo Investment Institute Locations: Fargo

☆ Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data
▼ + stars: | 2024-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Markets are bracing for the latest GDP revision, jobless claims, and PCE inflation data in the coming days. Traders are still pricing in considerable rate cuts well into next year, per the CME FedWatch tool. AdvertisementUS stocks were mostly lower on Wednesday, ending a record-setting streak of gains as traders looked ahead to coming economic data. The Dow Jones Industrial Average fell nearly 300 points and the S&P 500 slipped from record highs, ending the day about 0.2% lower. Traders are still expecting steep rate cuts over the course of the next year.

Persons: —, Scott Wren, Wells Organizations: Traders, Service, Dow Jones, Nasdaq, Treasury, US, Micron Technologies, Micron Locations: Wells Fargo, East, Ukraine

☆ Wells Fargo says don't buy this rally, fundamentals don't support it
▼ + stars: | 2024-09-19 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

But Wells Fargo cautioned that the pop is detached from reality. However, the benefits of easing policy may not be truly felt until next year due to the uncertainty surrounding the presidential election, Wells said. The Wall Street bank said the S & P 500 is likely to be range bound in the coming months and it is already trading toward the top of the range. Wells sees the S & P 500 finishing 2024 at 5,200, 7% below Wednesday's closing level. Its target is one of the lowest forecasts among Wall Street strategists, who on average project the benchmark ending the year at 5,571, according to CNBC Pro's market strategist survey.

Persons: Stocks, Wells Fargo, Scott Wren, Wells, Wren Organizations: Street, CNBC Locations: U.S

☆ 'Cheap' and 'under-owned': CIO makes the case for UK stocks despite U.S. bounce back
▼ + stars: | 2024-08-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

U.K. stocks are looking particularly attractive after a fresh bout of market volatility, according to the chief investment officer of financial firm Wren Sterling. It is in this context that Wren Sterling's Rory McPherson believes British stocks look "cheap" and "under-owned." When asked whether investors should consider U.K. stocks as part of a shift away from U.S. tech companies, McPherson replied, "Well, we think so. I mean you look at the market like the U.K., it's on 12 times earnings, its cheap, its under-owned. Analysts have recently turned bullish on U.K. stocks, which had been unpopular for years.

Persons: Wren Sterling, Wren, Rory McPherson, McPherson, CNBC's, " McPherson Organizations: Global, U.S, Analysts, BlackRock Investment, BlackRock, Labour Party, CNBC, Bank of, Bank of England Locations: U.S

☆ UK stocks look 'cheap and under-owned,' CIO says
▼ + stars: | 2024-08-13 | 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 EmailUK stocks look 'cheap and under-owned,' CIO saysRory McPherson, CIO of financial firm Wren Sterling, says U.K. economic growth is strong and explains why he thinks the country's stocks have further to go.

Persons: Rory McPherson, Wren Sterling

☆ Dow tumbles more than 1,000 points, S&P 500 sees worst day in two years
▼ + stars: | 2024-08-05 | 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 EmailDow tumbles more than 1,000 points, S&P 500 sees worst day in two yearsDavid Kelly, JPMorgan Asset Management chief global strategist and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: David Kelly, Scott Wren Organizations: Dow, JPMorgan Asset Management, Fargo Investment Institute Locations: Fargo

☆ VP hopefuls are clearing their schedules as Harris' search nears its end
▼ + stars: | 2024-08-02 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Josh Shapiro of Pennsylvania, considered a frontrunner for the role of Harris' running mate, abruptly canceled a three-event fundraising event in the Hamptons, The New York Times reported. However, Beshear posted on X on Thursday that his father, former Kentucky Gov. pic.twitter.com/GMl611jC5h — Adam Wren (@adamwren) August 1, 2024The search for Harris' running mate is in its final days. The Harris campaign told Politico that Harris would stage her first rally with her running mate in Philadelphia on Tuesday. According to Politico, Harris is preparing for face-to-face interviews with her shortlist, marking the last stage of an expedited vetting process.

Persons: —, Kamala Harris, veepstakes, Josh Shapiro, Harris, Manuel Bonder, Shapiro, Shapiro's, Andy Beshear, timetabled, Jacqueline Coleman, Beshear's, Beshear, Steve Beshear, Pete Buttigieg, hasn't, Adam Wren, Pete Buttigieg truncating, GMl611jC5h, Gretchen Whitmer, Tim Walz, JB Pritzker, Arizona Sen, Mark Kelly Organizations: Service, Pennsylvania, Hamptons, The New York Times, Business, Times, Gov, Kentucky Gov, US Department of Transport, Politico, Reuters, NBC, Minnesota Gov, Illinois Gov Locations: Kentucky, Kokomo , Indiana, Indiana, Philadelphia, Illinois, Arizona

☆ Opinion | The Far Right Doesn’t Own ‘The Lord of the Rings’
▼ + stars: | 2024-08-01 | by ( David French | ) www.nytimes.com time to read: +1 min

Tolkien and “The Lord of the Rings.”These days, however, Tolkien isn’t just relevant to nerd world. Critical factions of the new right at home and the far right in Europe have latched on to Tolkien’s work. By “new right” I mean the post-Reagan right, a movement that embraces state power as a means of fighting and winning the culture war. But they’re getting Tolkien wrong, and the way in which they are getting Tolkien wrong matters for all of us. Last month, Politico’s Adam Wren wrote an extended analysis of the way that the “Lord of the Rings” trilogy shaped JD Vance.

Persons: Tolkien, Reagan, they’re, Politico’s Adam Wren, Vance, “, ” Vance, Peter Thiel, Nancy Organizations: “ Star, Anduril Industries Locations: Europe

☆ Small cap outperformance won't start until next year: Wells Fargo's Scott Wren
▼ + stars: | 2024-07-29 | 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 EmailSmall cap outperformance won't start until next year: Wells Fargo's Scott WrenScott Wren, Wells Fargo senior global equity strategist, joins 'Money Movers' to discuss why small caps won't see a larger outperformance, the ferocity of the recent moves in small caps, and what to expect from the Federal Reserve.

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

☆ A food policy expert is trying a different diet every month this year. Here's why the vegan and Mediterranean diets are his favorites so far.
▼ + stars: | 2024-07-24 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Read previewA food policy expert who is trying a different diet each month in 2024 told Business Insider that the vegan and Mediterranean diets are his favorite so far. So far this year, Wren has tried veganism, UK-based weight loss company Slimming World, only eating Huel products, intermittent fasting, paleo, and the Mediterranean diet. The Mediterranean diet has been voted the healthiest diet for seven years in a row by the US World News & Report. AdvertisementThe Mediterranean diet also appeared to be best for his mental health, he said in a TikTok video. Importantly, though, Wren was on holiday in Italy in June when he followed the Mediterranean diet.

Persons: —, Gavin Wren, Wren, you've, dietitians, Elena Paravantes, it's, Italy Wren Organizations: Service, Business, US Locations: Italy

☆ Election chaos and Friday’s tech outage are taking the market on a wild ride
▼ + stars: | 2024-07-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Stocks are soaring this year, but that could soon change as election chaos takes the market on a rollercoaster ride. But this has been a destabilizing week for US stocks and the market trajectory could be shifting. The Dow was down more than 430 points, or 1%, in the morning trading session on Friday as the tech outage continued to rattle investors. Former President Donald Trump, meanwhile, said in an interview with Bloomberg that Taiwan should pay for its own defense. The bright sideInvestors have been largely resilient this year and some financial bigwigs say the election won’t change that.

Persons: Donald Trump, Joe Biden, Dow, —, “, ”, Jim Reid, Biden, they’re, Scott Wren, Wells, Jerome Powell, Liz Young Thomas, Russell, Young Thomas, ” Trump, CrowdStrike, JPMorgan Chase, Jeremy Barnum, isn’t Organizations: New, New York CNN, Investors, Big Tech, Nasdaq, Deutsche Bank, Democratic, ”, Treasury, Fed, Tech, Bloomberg, Taiwan Semiconductor Manufacturing, Nvidia, Microsoft, Meta, JPMorgan Locations: New York, Iran, Israel, Wells Fargo, “, China, Taiwan

☆ Inflation, interest rates and earnings could be headwinds for stocks, says Wells Fargo's Scott Wren
▼ + stars: | 2024-07-19 | 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 EmailInflation, interest rates and earnings could be headwinds for stocks, says Wells Fargo's Scott WrenScott Wren, Wells Fargo, joins 'Closing Bell' to discuss the trading day and small caps.

Persons: Wells Fargo's Scott Wren Scott Wren Locations: Wells Fargo

☆ I'm a grandmother and babysit my grandchildren often. Playing with them allows me to be a kid again.
▼ + stars: | 2024-07-11 | by ( Melody Wren | ) www.businessinsider.com time to read: +4 min

I love babysitting my grandchildren during school holidays and when their parents need a break. As a bonus, grandparents who engage with their grandchildren live longer, stay more active, and have more purpose, according to a 2016 study. I sometimes make a "choosing clock" with the activities written in a circle on a paper plate or construction paper. AdvertisementThe children love maps, and we often draw maps of our town with them, adding their school, favorite stores, where both parents work, and where other family members live. Playing with them is an escape because I play whatever they want to focus on and don't think about anything else.

Persons: Grandad Organizations: Service

☆ Parenting influencers in Illinois must now pay their children if they feature in videos. Experts say it's about time.
▼ + stars: | 2024-07-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewA new law passed in Illinois on July 1 requires parenting influencers to set aside 15% of their earnings for their kids who appear on camera. But, there is a market for family content because it gets good engagement, Varbanova added. "If people stopped watching family content, family vloggers wouldn't exist." Because family content is so successful, it's also tough to give it up. Advertisement"If they appear in all of the videos, they should get at least 50% of the revenue," Varbanova said.

Persons: —, Shreya Nallamothu, Jessica Maddox, Naomi Cahn, Katya Varbanova, shouldn't, Varbanova, influencer Jordan, Lilly Davis, Paul, Momfluencer Ruby Franke, Ruby Franke, Wren, Jacquelyn Paul, TikTok, it's Organizations: Service, YouTube, Business, Associated Press, University of Alabama, AP, The New York Times, University of Virginia's Family Law, School of Law, UVA, Disney Locations: Illinois, Washington , Maryland, California

☆ I run a baby-naming site. Trends in 2024 include space-inspired names and names ending in 'ai.'
▼ + stars: | 2024-07-01 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

But these days, we're seeing parents bestow names typically given to girls on their sons. Parents who choose these names think it's better to grow into an adult-sounding name than outgrow a baby-ish name. Names that end in "ai" are easily pronounced in many languages, including indigenous languages, European languages, Japanese, and African languages. But now we're seeing parents embrace that names can be girly but still strong. We're seeing a rise in long, elaborate names but also in shorter, cutesy names for girls.

Persons: —, Sophie Kihm, Leslie, Ashley, Dana, John Legend, Chrissy Teigen, Wren, Rihanna, Rose, Willow Harlow Cleo June Juniper Jade Robin, Marjorie, Taylor, Martha Georgine Florence Dolores, Lionel Arthur Duncan Cedric Harold Ray, Kai, Jakai Zakai Adlai Lorelai Mordecai Ozai Azakai, Flora Talia Phoebe Petra Asha, Killian Harris Magnus Harvey Orson Archie, Collins Lennon Joanie Marceline, Zeppelin Guthrie Elton Jiraiya Cassian Anakin Chozen, Kepler Darwin, Kepler Darwin Edison Cosmo, Winslow Dorthea, Guinevere Lulu Pippa Honey Organizations: Service, Business, Martha Georgine Florence Dolores Popular, Ivy League, Nova, Kepler Darwin Edison Locations: Nameberry

☆ Here's the '800-pound gorilla' that has a top global strategist at Wells Fargo worried about a major market pullback — and 5 investments that can survive as AI hype goes overboard
▼ + stars: | 2024-06-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Scott Wren, a senior global market strategist at Wells Fargo Investment Institute, recently noted that market breadth is abnormally narrow. He found that the five best performers in the S&P 500 accounted for nearly three-fifths of its exceptional 10.6% year-to-date gain through May 31. That fate will soon apply to the S&P 500, Wren warned. Such a sell-off would take the S&P 500 below 5,000 for the first time since April. "And it's tough to be patient when the S&P 500 set a bunch of all-time high records."

Persons: —, Scott Wren, Wren, Steve Sosnick, Sosnick, who's, it's, we've, they've, they're, we're, Goldman Sachs, There's, He's Organizations: Service, Wells, Wells Fargo Investment Institute, Business, Interactive Brokers, Wells Fargo Investment, Nvidia, Investors Locations: Wells Fargo

☆ I wanted to have a name in Spanish and English like my dad. I learned names can be adaptable.
▼ + stars: | 2024-06-19 | by ( Lauren David | ) www.businessinsider.com time to read: +4 min

My Chilean father, Jorge, moved to the United States when he was 28 years old. Related storiesAs a kid, I thought it was cool that he had two names — one in Spanish and one in English. I wanted to have two names, too, like him, even though my dad didn't teach me Spanish. Over time, I stopped saying my name as if I were in the United States (Lor-in). AdvertisementSimilar to what I imagine my dad must have experienced living in the United States, I learned it's easier to adapt.

Persons: Lauren, I've, I'd, Jorge, George, — Jorge Organizations: Service Locations: United States, Spanish, Spain, Chilean

☆ Nasdaq hits another record close
▼ + stars: | 2024-06-14 | 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 EmailNasdaq hits another record closeScott Wren, Wells Fargo Investment Institute senior global market strategist, and Warren Pies, 3Fourteen Research co-founder, joins 'Closing Bell Overtime' to talk the day's record market action.

Persons: Scott Wren, Warren Organizations: Nasdaq, Fargo Investment Institute, 3Fourteen Research Locations: Fargo

☆ These outperforming stocks are still set to soar, analysts say, giving one 52% upside
▼ + stars: | 2024-06-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The year has reached its halfway mark — and stocks are still adding on to gains. The S & P 500 hit yet another fresh record on Wednesday , as did the Nasdaq Composite. That brings the S & P 500 to gain 12.93% year-to-date. Some say the U.S. Federal Reserve could be forced to hold off on interest rate cuts if inflation is sticky. "We believe the likely main volatility trigger is still the timing of potential Federal Reserve interest-rate cuts."

Persons: Scott Wren, Wren, Schroders, Jason Yu Organizations: Nasdaq, U.S . Federal, Wells, Wells Fargo Investment Institute, CNBC Locations: Wells Fargo, Asia

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

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