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Monday, July 15, 2024

Prepare for a slump in US stocks as the Fed continues its battle against sticky inflation, Wells Fargo’s top strategist says

Investors should brace for a potential slump in US stocks, as this year’s rally looks increasingly unsustainable given the risk of higher interest rates, according to Wells Fargo’s global market strategist. The benchmark S&P 500 share index is up about 12% so far in 2023 — thanks in part to bets …

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