Wells Fargo's Wren is optimistic the market can deliver 10 percent in '21
Money Life with Chuck Jaffe · Money Life with Chuck Jaffe
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Show Notes
Scott Wren, senior global market strategist at the Wells Fargo Investment Institute, says we are 'in the early part of a new cycle' that is going to include a pretty good bounce in economic growth next year and that should lead to reasonably good returns even as the economy and stock market come back into sync. He's expecting large-cap stocks to deliver 8 to 10 percent in the new year, which he termed as 'not wildly optimistic, but optimistic.' Also on the show, an extended Market Call that's all about investing in Fidelity funds featuring John Bonnanzio, editor of the Fidelity Monitor and Insight newsletter, and Left Brain Thinking, where Brian Dress, research director at Left Brain Investment Research, discusses why MercadoLibre -- a stock that's up 200 percent this year -- still has room to grow impressively in 2021 and beyond.