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Podcast: Money Life with Chuck Jaffe
Episode: Wells Fargo's Cronk tells 'A Tale of Two Halves' for 2023
Description: Darrell Cronk, chief investment officer at Wells Fargo Wealth and Investment Management says that investors can expect a recession and market troubles during the first half of the New Year, but a recovery to start later on, noting that he expects the stock market to bottom out while the economy gets to where interest rates and inflation start becoming more reasonable. Cronk says that investors looking to be back in the market next year should be dipping into sectors where demand is consistent regardless of the economy, meaning health care, life sciences, defense companies and energy stocks. Also on the...