Christopher, the global investment strategy director of Wells Fargo & Co, said that the stock market is about to experience an unprecedented rise in the past 30 years. He pointed out that the current market has similarities with 1995, when the stock market was prosperous and the S&P 500 index set 77 historical highs. Christopher stated that investors may be facing a similar situation because inflation is falling, the economy is 'not collapsing', and the Ministry of Commerce estimates that GDP will grow by 2.8% year-on-year in the second quarter. Christopher said in an interview on Thursday that the US Federal Reserve 'is in a favorable position if it can be proactive enough'. He hinted that central bank officials will cut interest rates by 50 basis points in September and then 'lower interest rates several more times' before the end of the year. He added, 'We still have a good chance of achieving an economic soft landing.'
富国银行疯狂“唱多”：美联储降息后市场将迎30年来前所未有之上涨
Wells Fargo & Co is crazy bullish: the market will see an unprecedented rise not seen in 30 years after the Fed's rate cuts.
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