Latest posts by Darrell Cronk, CFA (see all)

    This blog post originally ran as an Institute Alert by Darrell Cronk, CFA, President, Wells Fargo Investment Institute and Chief Investment Officer, Wealth and Investment Management; Paul Christopher, CFA, Head of Global Market Strategy; and Sameer Samana, CFA, Senior Global Market Strategist.

    The State of the Markets

    The famous investor Sir John Templeton once said, “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” a quote that links the market to cycles of human emotion. The questions I get all the time are, “Where are we in this bull market?” and “What should I do now?” Well, I would say we are in the place of optimism with some euphoria sprinkled in. Does that mean we are getting closer to the death of this bull? I don’t think so — even when the market drops several hundred points as it did this week in Tuesday’s trading session. But let’s review exactly what all the key variables look like right now.