The S&P 500 has shown modest growth while other major indices decline, attributed to diminishing economic surprises. Wells Fargo warns investors that optimism about the future overshadows current disappointing data and recommends maintaining disciplined portfolio allocations.
Through December 17, the S&P 500 posted a modest gain of 0.38% month-to-date, in contrast to declines in other major indices.
“This is concerning,” Wells Fargo notes, “given the level of positive positioning that has taken place in equity markets since the elections.” “We think now would be a good time for disciplined investors to make sure that their portfolio allocations to equities are not above recommended allocations, especially with long-term interest rates offering a solid alternative,” the firm adds.
SP500 Market Performance Economic Data Investment Advice Wells Fargo
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