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Wells Fargo Says Global Growth Top Risk

If global growth doesn’t pick up, the bull market will face a major hurdle, market watcher Scott Wren says.

Wren, senior global equity strategist at the Wells Fargo Investment Institute, ranks it as his top risk — ahead of a potential Federal Reserve policy mistake and ongoing trade tensions.

“I think really an all-out trade war is a relatively low probability. I’m more worried about: Is global growth going to slow down, stabilize, what’s going to happen there?” he said Wednesday on CNBC’s “Trading Nation.”

It’s largely an effect of central banks around the world simultaneously ending easy money policies. Wren sees the actions possibly bleeding into the U.S. stock market because so many American companies rely on business all over the world.

“We need some help from the overseas economies to get to the earnings estimates, and the type of targets that we’re looking at,” he said.

via CNBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza