Wells Fargo Warns of 5%-10% Downside Risk to Equities
Wells Fargo strategist Ohsung Kwon has lowered the year-end S&P 500 target to 7,700, citing a negative outlook for equities.
Ohsung Kwon, chief equity strategist at Wells Fargo, explains the “pretty negative setup” he sees for equities as he lowers his year-end target for the S&P 500 to 7,700. (Source: Bloomberg)
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