Why this strategist is hoping for a market pullback
Wells Fargo Investment Institute senior global market strategist Scott Wren joins Market Domination to discuss his outlook on markets ahead of Nvidia's (NVDA) earnings. While acknowledging the immediate market impact of the Nvidia (NVDA) report, Wren predicts an eventual market broadening as economic momentum decelerates. He identifies a strategic opportunity in potential market pullbacks, highlighting sectors like financials, industrials, communication services, and energy as attractive investment targets. "Broader is better. It's pretty narrow right now, and I think these growth companies are going to continue to be the ones that drive the market," Wren explains. However, he cautions investors, stating, "It's not time to be overweight small-caps or overweight high yield.... We're still late cycle here in the markets." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
