Gary Schlossberg | Source | Global Strategist at Wells Fargo Investment Institute
Gary Schlossberg
Gary Schlossberg is a global strategist for Wells Fargo Investment Institute (WFII), a subsidiary of Wells Fargo Bank, N.A., which is focused on delivering the highest quality investment expertise and advice to help investors manage risk and succeed financially. Wells Fargo Investment Institute serves Wealth & Investment Management (WIM). WIM is a division within Wells Fargo & Company. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company.
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2019 has been a year for the record books. In our view, a low-inflation, low-interest-rate backdrop has supported ‘easy’ financial conditions this year and encouraged a rotation by many investors into stocks and other more highly charged assets. We believe that a low-inflation, more interest-rate-sensitive growth cycle bodes well for a 12th year of growth in 2020, particularly now that geopolitical uncertainties have eased temporarily
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Good times should roll in 2020
The markets will build on 2019’s gains next year, as they withstood “trade tensions, impeachment, and geopolitical uncertainties” with the economy posting a record 11th year of expansion, according to economists.
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