2026 will favor U.S. equities, says Wells Fargo's Paul Christopher
CNBC Television
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February 24, 2026 at 07:15 PM UTC
Bullish
85% Confidence
Watch on YouTube
Key Points
- 2026 is expected to favor U.S. equities with higher GDP, earnings growth, moderating inflation, and improved global growth.
- Favored sectors include Industrials, Utilities, and Financials, with a preference for buying on pullbacks.
- Positive trends cited are tech capex, deregulation, big tax refunds, and upcoming Fed rate cuts in 2026.
- Concerns about AI hollowing out the economy and global tariffs are viewed as short-lived uncertainties.
AI Summary
Paul Christopher of Wells Fargo Investment Institute outlines a bullish outlook for U.S. equities in 2026, anticipating higher GDP, earnings growth, and moderating inflation. He favors Industrials, Utilities, and Financials, seeing opportunities in economic recovery themes and adjunctive AI infrastructure, while dismissing fears of AI-driven job losses and tariffs as short-lived market uncertainties.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 85% |
| Consensus | Bullish | 85% |