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Wells Fargo’s (WFC) Kwon Cuts US Stocks (SPY) View as AI Worries Mount in Tech
Source: Bloomberg
Analyst InsightsTechnology & InnovationInvestor Sentiment & Positioning
Wells Fargo strategist Ohsung Kwon cut his year-end S&P 500 target, citing an eventual slowdown in the decade-long earnings-growth cycle and rising risks in the technology sector. The call signals a more cautious equity-market outlook, particularly for tech-heavy index performance.
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