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 February 9, 2021 – Bryan Piskorowski, Head of Advice and Investment Guidance with Wells Fargo Asset Management reviewed the surprisingly strong market year and how the pandemic is expected to dominate the economic outlook in 2021. 2020 was a very good year with the S and P 500 up 17% and a 60/40 investment allocation up 13%. If anything could happen in the investment market last year it did. Volatility was high last year where that same balanced portfolio was down as much as 18% in April confirming that diversification and risk tolerance should guide your investment strategy. Wells Fargo continues to be bullish for US equities with a 2021 S and P 500 projection ranging between 3900 and 4200 while there maybe investment opportunities in emerging markets. Byan restated that risk will continue in the upcoming year. Bryan serves as a spokesman for Wells Fargo Advisors, having appeared on CNBC, Fox News, the Associated Press, Reuters, and The Wall Street Journal, The New York Times, and USA Today. He is also a lecturer at the Securities Industry Institute® at The Wharton School of Business at the University of Pennsylvania. |