Outlook 2014: Are we in the eye of the storm?
More than four years into a stock market rally, our chief market strategists ask,
“Can it last?”
The economy: Signs of accelerating growth are evident
By Brian Jacobsen, Chief Portfolio Strategist
Except for China and some other emerging economies, we think the world will see accelerating growth in 2014—likely in a context of low inflation.
Equities: Fundamentals remain in place
By John Manley, Chief Equity Strategist
We believe that most, if not all, of the factors that were in place to drive the market higher a year ago are still in place and, in our opinion, should remain so over the next 12 months.
Fixed income: Focus on income, not safety
By James Kochan, Chief Fixed-Income Strategist
Because we believe it is still too early in this investment cycle to employ defensive strategies, income—not safety—should, in our opinion, remain the primary investment objective in the year ahead.
The views expressed are as of 12-17-13 and are those of Chief Portfolio Strategist Brian Jacobsen; Chief Equity Strategist John Manley; Chief Fixed-Income Strategist James Kochan; and Wells Fargo Funds Management, LLC. The information and statistics in this report have been obtained from sources we believe to be reliable but are not guaranteed by us to be accurate or complete. Any and all earnings, projections, and estimates assume certain conditions and industry developments, which are subject to change. The opinions stated are those of the authors and are not intended to be used as investment advice. The views and any forward-looking statements are subject to change at any time in response to changing circumstances in the market and are not intended to predict or guarantee the future performance of any individual security, market sector or the markets generally, or any mutual fund. Wells Fargo Funds Management, LLC, disclaims any obligation to publicly update or revise any views expressed or forward-looking statements.