One strategist says he is optimistic about equity markets next year, favouring U.S. equities over international stocks.
In an interview with BNN Bloomberg Monday, Scott Wren, senior global equity strategist with the Wells Fargo Investment Institute, said that investors should look past any near-term volatility and instead look to buy the dips. He added that dips have been “few and far between,” with only one pullback occurring since October 2023 that took place in August of this year.
Wren added that if a pullback occurs in equity markets it could likely be attributed to fears surrounding inflation, and the action the U.S. Federal Reserve may take. Wren added that he sees U.S. stocks as better positioned compared to international equities. He said that the U.S. typically leads world markets toward slowdowns or recessions and conversely leads them out.
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