Wells Fargo sees economic “soft patch” capping further S&P 500 gains

Capt. John

An upcoming “economic soft patch” will likely weigh on the recent US equity rally and stall sectors such as consumer discretionary and small-cap stocks, strategists at the Wells Fargo Investment Institute warned in a note on Monday. The firm cut its 2024 earnings estimate for the Russell 2000 index...

https://www.hellenicshippingnews.com/wells-fargo-sees-economic-soft-patch-capping-further-sp-500-gains/

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