Wall Street Webcasting Presents Wells Fargo Securities: Spread Markets Pause after Rally
NEW YORK--(BUSINESS WIRE)-- Wall Street Webcasting presents exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC) . Gordon explains what contributed to the selloff in spread markets.
Economic data has indicated that the US has seen a positive month, but we are still not seeing what is necessary for standalone growth above two and a half percent. In the past six weeks almost every structured product has seen a rally, but there continues to be an imbalance between demand and supply, which has contributed to fields being oversubscribed. Gordon states that "even in sectors with less liquidity, there is a lot of customer interest, due to a demand of yield."
Commodities are usually a meaningful part of an investor's portfolio, but they are not working the way they should. Commodities have seen bearish reversals the last couple of weeks. Gordon still thinks commodities will have their day, just not within the next few weeks.
To hear a further explanation of what contributed to the selloff in spread markets, tune into Wells Fargo Securities' newest video.
Please visit the following link to view the video:
Wall Street Webcasting
Tracy Lewin, 201-683-2100
KEYWORDS: United States North America New York
The article Wall Street Webcasting Presents Wells Fargo Securities: Spread Markets Pause after Rally originally appeared on Fool.com.
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