Wells Fargo: The disconnection between U.S. stocks and economic data is intensifying, and there may be a "hangover" risk in the near future
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Wells Fargo pointed out that although the outlook for U.S. stocks in 2024 is optimistic, the post-election optimism may lead to a "hangover" risk in the short term, with the S&P 500 index expected to decline by 7%. The bank analyzed that the disconnection between the stock market and economic data is intensifying, with investors ignoring the current weakness in economic data. In the short term, the S&P 500 index may reach a high of 6090 points, and if it declines, it may find support at 5515 points. Wells Fargo holds an optimistic view on the stock market for 2025, expecting the S&P 500 index to reach 6500-6700 points by the end of the year
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