What we saw in Russia: A homegrown e-commerce market rising

Twenty years after my first visit to Moscow, I see the pieces coming together for a Russian IT success story: a new and thriving e-commerce industry. Here’s an inside look
Read More

Behind the scenes: How stewardship helps maximize long-term value

As fiduciaries, we are committed to effective stewardship of the assets we manage on behalf of our clients. Jessica Mann, Head of Stewardship with Wells Fargo Asset Management describes WFAM’s
Read More

Most investors want the “human touch,” but…

“This report should be a cause for optimism for financial professionals,” said Wayne Badorf, head of intermediary distribution at Wells Fargo Asset Management.
Read More

Encourage women to be active and involved in their financial lives

[embed]https://www.wellsfargofunds.com/mpg/epp/epp_20190410.mp3[/embed] We’re talking about several best practices to help women meet their financial goals.
Read More

This blog post originally ran as a State of the Markets commentary by Darrell Cronk, CFA, President, Wells Fargo Investment Institute and Chief Investment Officer, Wealth and Investment Management

2019 begins with markets fixated on a myriad of key risks for this year. Through the holidays, I was asked many times: What would reinstate confidence and put the markets back on a steady path forward to continue this expansion cycle? I would propose five New Year’s resolutions that could certainly help.

October brought a significant drawdown across major U.S. equity indices. Fears over the potentially negative effects of tariffs and higher interest rates on global growth have been building for most of the year. We think the speed of interest rate increases (as opposed to their absolute levels) may have been the catalyst that spooked U.S. markets into correction territory, with technology bearing the brunt of the pullback. We are closely watching for additional risk-off signals. Credit spreads have widened, as is typically the case when volatility spikes. But, the fixed-income market isn’t showing signs of panic. The continued volatility in emerging markets bears watching. Against this mixed view of current market dynamics, we believe several factors support the case to sustain long-term U.S. growth equity allocations.