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Podcast: Money Life with Chuck Jaffe
Episode: Wells Fargo's Cronk sees the bull run continuing through 2026
Description: Darrell Cronk, chief investment officer at Wells Fargo Wealth and Investment Management, says he expects both the stock market and the economy to face a "soft patch" that will increase volatility and mute returns for the rest of the year, but he believes conditions are strong enough that there will be no recession and that those year-end doldrums will lead to improvement and gains in 2026. Cronk, who also is president of the Wells Fargo Investment Institute, notes that his firm has already set year-end price targets for next year, and is forecasting 7,000 on the Standard & Poor's 500 as the "midpoint...