Scott Wren

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Last quote by Scott Wren

We thought we'd spend some time above that, and we thought we'd see the highs around the middle of the year. We've been above that level.feedback
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May 24 2017
Scott Wren has been quoted 41 times. The one recent article where Scott Wren has been quoted is Market rally is ‘fading, ’ Wells Fargo strategist predicts S&P will close lower from here. Most recently, Scott Wren was quoted as having said, “We're going to see a bit of a fade here. Certainly, infrastructure spending, tax cuts and less regulation – that's all pro-growth. But are we going to get some of that implemented in enough magnitude to move the needle on the economy anytime soon? We didn't think it was going to happen quick. We want our clients to be in this market. Certainly, if Donald Trump would be re-elected, to not have a recession over the next eight years would be almost impossible. You've got to play for lower returns.”.
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Scott Wren quotes

In the second half of the year, we think there's going to be some headwinds in the market with people worrying about wage inflation in 2018, and the Fed being behind the curve. It's not necessarily that they're going to be realities, but I think at the end of the year, people are going to be worried about inflationary pressures, largely coming from wages.feedback

There was a tinge more enthusiasm not only because Trump won, and that is perceived as less headwinds for business, but also because the Republicans were able to hold onto the Senate, which was unexpected. But it's not like all these deals are rubber-stamp deals. They are going to have to be refined, debated, you don't know what the magnitude is, and they have to be implemented.feedback

They're going to take a long time to refine, debate, implement and then finally have an effect on the economy.feedback

This is just a little bit of back-and-forth, very thin trading action. Nothing really new to trade on.feedback

We would argue the market is here because of the economic fundamentals, not because Donald Trump won the election.feedback

The market might concern itself with things that might and could happen two or three years down the road … but very quickly you get back to fundamentals.feedback

Investors are more interested in the markets, but it takes time for this optimism to translate to flows into the stock market, especially when investors have been cautious for so long.feedback

Last year was not as volatile as some investors perceived it to be, and we are not forecasting a lot of volatility in the U.S. markets for the first half of the new year. We encourage investors to think of volatility in terms of what opportunities it may present.feedback

The market doesn't trade for anything for more than a brief period of time on what might happen two or four years down the road.feedback

This market is trading on the fundamentals over the next 6 to 12 months.feedback

We stand by our long-held stance that the new president, and really any new president, has only a slim chance of changing the trajectory of the economy during their first 12 months in office (and likely even longer).feedback

If Donald Trump wins this thing, you'll see some immediate initial downside. We'll test those technical stops below 2,085 in the S&P 500.feedback

Our work suggests the S&P 500 trades to the top end and possibly slightly beyond near the middle of next year. In other words, the high water mark for stocks in 2017 is likely to be mid-year.feedback

The Fed does not change based on who wins. The Fed appears to be setting the table for a hike at the December meeting, but the equity market should take that in stride as the market has been given a heads-up well in advance.feedback

We've been telling our clients for a year: The trajectory of the economy will remain the same during the next 12 to 18 months of the new president's term no matter who is elected.feedback

The market might worry or think about what might happen two or three years down the road based on who is president, but only for a very short time. The market will quickly get back to trading on what the economy and earnings are going to look like over the next six to 12 months.feedback

You're talking an excess of 8 percent, and that's why we still like stocks.feedback

But then the market's going to get back to [focusing on] earnings and the economy over the next 6 to 12 months.feedback

We've moved very broadly to these record highs, so when we look ahead that's the type of behavior we'd expect to see again.feedback

In that kind of environment where things are broader, stock picking is less important and you want to have broad exposure to the S&P 500.feedback

Today's U.S. data was stronger and any time you get a sentiment number out of Germany that is worse than expected, that combination is going to give the dollar a little bit of a push against the euro.feedback

I've argued over the past five years that the U.S. stock market has largely been a safe haven and I continue to believe that.feedback

If there is an exit vote, you know we want our clients in here stepping in to buy U.S. large-cap stocks.feedback

I think it's going to cause a lot of volatility around the U.K. and a lot in Europe but I don't see the longer-term effects. If we get some downside here from it in stocks, I think it's a buying opportunity.feedback

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