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Stocks could be poised for a 1995-like rally, according to Wells Fargo.
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The bank’s head of global investment strategy pointed to falling inflation and a resilient economy.
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Those conditions set the stage for Fed rate cuts, which is bullish for equities.
Stocks are poised for a run-up that hasn’t been seen in three decades, says Wells Fargo’s head of global investment strategy, Paul Christopher.
The banking veteran pointed to the parallels between today’s market and that of 1995, when stocks boomed and the S&P 500 notched 77 all-time highs.
Christopher suggested that investors could be facing a similar environment. That’s because inflation is declining and the economy “is not collapsing,” he said, with the Commerce Department estimating that GDP…
