2013 midyear outlook: Time to change your focus?

Market Perspectives—7-1-13
Brian Jacobsen, Ph.D., CFA, CFP®, Chief Portfolio Strategist
John Manley, CFA, Chief Equity Strategist

James Kochan, Chief Fixed-Income Strategist

You can’t see what you’re not looking at. Investors have been so fixated on the Federal Reserve (Fed) and fiscal austerity that they are missing much of both the short- and long-term forces at work in the companies whose securities they are actually buying and selling. One force that investors haven’t overlooked is the radical transformation of the energy sector due to unconventional gas supplies—not just in the U.S. but around the world. This is slow-moving and shouldn’t be expected to play itself out over the course of six months. It provides one example of how simply changing your focus from the next hot thing to the more sustainable future and going from measuring success in months to gauging it in years could pay off over the long haul. Revising your perspective from the short to the long term can help you stay rational when markets get irrational.


The views expressed are as of 6-17-13 and are those of Chief Portfolio Strategist Brian Jacobsen, Chief Equity Strategist John Manley, Chief Fixed-Income Strategist James Kochan, and Wells Fargo Funds Management, LLC. The information and statistics in this report have been obtained from sources we believe to be reliable but are not guaranteed by us to be accurate or complete. Any and all earnings, projections, and estimates assume certain conditions and industry developments, which are subject to change. The opinions stated are those of the authors and are not intended to be used as investment advice. The views and any forward-looking statements are subject to change at any time in response to changing circumstances in the market and are not intended to predict or guarantee the future performance of any individual security, market sector or the markets generally, or any mutual fund. Wells Fargo Funds Management, LLC, disclaims any obligation to publicly update or revise any views expressed or forward-looking statements.


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