Get ready for the summer rally, Wells Fargo tells investors

Wells Fargo attributes recent equity volatility to quarter-end rebalancing, suggesting it is likely transitory. It flags potentially higher volatility into the November midterm elections, but expects stocks to “flourish” between now and then. Net message: cautious near-term but constructive for interim equity performance.

Analysis

Wells Fargo attributes recent equity volatility to quarter-end rebalancing, suggesting it is likely transitory. It flags potentially higher volatility into the November midterm elections, but expects stocks to “flourish” between now and then. Net message: cautious near-term but constructive for interim equity performance.