Investment Outlook

 

Economic Outlook Highlights

January 2017     |  Economic Outlook Highlights  (PDF/New Window)
January 2017     | – Economic and Investment Commentary (PDF/New Window) January 2017 | Economic Outlook Highlights
Balanced, respectable growth of about 2.5% is the message coming from data at the turn of the year, sufficient for added declines in unemployment and multiple rate increases this year by the Federal Reserve.
View an archive of Economic Outlook Highlights, brief summaries of the economic and financial market outlook along with issues affecting stocks and bonds.


Briefings and Commentaries

February 10, 2017 – Market Comment (PDF/New Window)
February 10, 2017 | Market Comment (PDF/New Window) February 10, 2017 | Market Comment
More than just "melt up" markets? The power of the presidency was on display late last week, lifting major benchmark indexes to record highs on talk of corporate tax reform by the president. Gains were part of a full-blown move back to risk assets overcoming earlier sluggishness on policy-related doubts. A supporting role in a broad, fairly shallow rally came from improved earnings reports after mixed reviews early in the week, increases in oil prices and Chinese exports, both global economic bellwethers, and news of a fresh, 43-year low in initial jobless claims cementing labor’s position on the leading edge of the growth recovery. An up-and-down week for Treasury securities included a four-day rally—the longest since the June "Brexit"-vote— on a more sanguine inflation outlook, "safe-haven" demand from European political uncertainties and doubts over the Trump tax plan, reversed by the president’s late-week announcement but still leaving the benchmark 10-year Treasury yield at a three-week low of little more than 2.4%. Gradual, but steady dollar gains were supported first by safe-haven demand out of Europe and, later, by the tax-related improvement in the economic outlook. Commodities shrugged off dollar increases in another show of risk-asset strength, propelled to a mid-2016 high by rallies in oil, gold, and grains.
View an archive of briefings and commentaries that provide detailed analyses of the current economic climate and investment conditions.

Gary Schlossberg

Senior Economist

Gary SchlossbergAs senior economist, Gary Schlossberg is responsible for assessing the economic environment and providing input to the equity and fixed-income portfolio management teams at Wells Capital Management.

Wells Fargo Asset Management (WFAM) is a trade name used by the asset management businesses of Wells Fargo & Company. WFAM includes but is not limited to Analytic Investors, LLC; ECM Asset Management Ltd.; First International Advisors, LLC; Galliard Capital Management, Inc.; Golden Capital Management, LLC; The Rock Creek Group, LP; Wells Capital Management, Inc.; Wells Fargo Asset Management Luxembourg S.A.; Wells Fargo Funds Distributor, LLC; and Wells Fargo Funds Management, LLC.

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