John Manley, Chief Equity Strategist with Wells Fargo Asset Management, joins us to take stock of the equity markets.
“…there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know…it is the latter category that tend to be the difficult ones.” –United States Secretary of Defense Donald Rumsfeld
It typically is a terrible thing when stocks go down. Whether it is a quick and nasty bull market correction or a protracted and grinding bear market, it has the potential to destroy wealth and damages egos.
Go, and beat your crazy head against the sky
Try, and see beyond the houses and your eyes
It’s okay to shoot the moon.
–Darling Be Home Soon, The Lovin’ Spoonful
Last week, U.S. stocks rose on reports that the new administration might lower corporate tax rates.
Investors were cautious after the Dow’s record-breaking run yesterday to 20,000. New home sales declined more than expected in December, while initial claims for unemployment spiked last week.
What does U.S. domestic economic data suggest for you and your clients? Dr. Brian Jacobsen, chief portfolio strategist with Wells Fargo Asset Management joins us to explain.
After a paroxysm of fear at 3 a.m. on the morning following the U.S. election, the American stock market seems to have retroactively cast its ballot for Donald J. Trump.
The old adage had its day—but not today. Dr. Brian Jacobsen dispels the myth and offers investors a better approach.