Patience & Money: Recent Episodes
The 282 Group
Patience & Money is timely market commentary and advice podcast from The 282 Group of Wells Fargo Advisors. Patience & Money is a nod to the first book written on the stock exchange, Confusion of Confusions, in 1688. Josef de la Vega writes, “Whoever wishes to win in this game must have patience and money”. We believe that timeless principle is as true today as it was then. We hope you think, learn, and enjoy. Please contact us to further the discussion. We are here to help.The 282 GROUP of Wells Fargo Advisors is a full service wealth management group providing financial advice to both individual and business investors.For a comprehensive menu of professional services or to learn more about the 282 Group’s professionally managed portfolios, please contact us at 704-553-6374.https://fa.wellsfargoadvisors.com/the-282-group/ Charlotte, NC. Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.Index returns are not fund returns. An index is unmanaged and not available for direct investment.The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
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In this episode of Patience and Money, Ryan Culpepper and Sam Pennell check-in as all eyes turn to the interest rate markets ahead of the Federal Reserve’s September meeting. There’s plenty of things to be excited about and even more that is concerning. Ryan & Sam discuss key data points like US stock market technical analysis, inflation trends, interest rate expectations and bond market behavior.
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In this episode of Patience and Money, Ryan Culpepper and Sam Pennell check-in for a midyear review. Could the second half of 2025 melt up to new highs and a reinvigorated Bull Market? What could derail this ideal base case? Ryan & Sam discuss key data points like US stock market technical analysis, inflation trends, interest rate expectations, bond market behavior, and the surprising weakness of the dollar.
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In this episode of Patience and Money, Ryan Culpepper and Sam Pennell unpack the wild ride that has been the 2025 market so far. From sharp pullbacks and rising fear to rapid rebounds and renewed optimism, they explore what’s really driving the volatility—and how resilient investors have navigated the noise. Ryan & Sam discuss key data points like inflation trends, interest rate expectations, bond market behavior, and the surprising strength of global equities. They also highlight the behavioral side of investing: why staying calm—and staying invested—matters more than ever. Whether you’re a seasoned investor or feeling whiplash from the headlines, this episode offers grounded insights and forward-looking perspective.
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After a dream-like run over the last 2+ years in the equity markets, the cold splash of reality hit the investment world as risk was re-introduced this quarter. The main culprits: economic policy and tech-company valuations. Does this spell longer term trouble for the markets? Are there fundamental concerns? Is this just a normal part of investing in the markets? Tune in to hear Ryan and Sam delve into what’s moving markets and if this has changed their outlook for a third year in a row of positive gains for investors.
Recorded March 19, 2025 in Charlotte, NC.
Ryan Culpepper, Managing Director - Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
To schedule time with Ryan or Sam, contact (704) 553-6389 or madison.martinez@wfa.com.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Exposure to the commodities market may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. Investments in commodities may be affected by changes in overall market movements. Commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity. Products that invest in commodities may employ more complex strategies, which makes those investors to additional risk.
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After a 2024 that defied most market analysts’ expectations, where does the market go from here? Will 2025 continue the smooth sailing from last year, or should we expect turbulence and Mother Market to turn on the fasten seatbelt sign?
Recorded January 9, 2025 in Charlotte, NC.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
To schedule time with Ryan or Sam, contact (704) 553-6389 or madison.martinez@wfa.com.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Exposure to the commodities market may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. Investments in commodities may be affected by changes in overall market movements. Commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity. Products that invest in commodities may employ more complex strategies, which makes those investors to additional risk.
Tags: Stocksbondsboombusteconomyeducationmarketmarketsbitcoingoldinterest ratesFedbullbearbull market
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Recorded November 22, 2024 in Charlotte, NC: just before Ryan and Sam’s favorite holiday, Thanksgiving! In a thankful mood for this episode, Ryan and Sam share their bullish outlook based on market history and current data. The guys remain bullish on the US markets and economy suggesting, “we’re not even halfway done with this Bull Run”.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704.571.7173 or jane.m.nicolas@wfa.com or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Exposure to the commodities market may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. Investments in commodities may be affected by changes in overall market movements. Commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity. Products that invest in commodities may employ more complex strategies, which makes those investors to additional risk.
Send us a text
Recorded October 3, 2024 in Charlotte, NC: in this episode, Ryan and Sam share their thoughts on our nation’s top stories, the markets, and political world. Many are asking for some good amongst the current backdrop. The 282 Group remains bullish on the stock market heading into the election and year-end; reminding listeners they can be the good in their world.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704.571.7173 or jane.m.nicolas@wfa.com or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Exposure to the commodities market may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. Investments in commodities may be affected by changes in overall market movements. Commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity. Products that invest in commodities may employ more complex strategies, which makes those investors to additional risk.
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Recorded August 14, 2024: Ryan and Sam discuss market moves during a time of unbelievable headlines from the markets, economy and political world.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704.571.7173 jane.m.nicolas@wfa.com or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Recorded July 1st 2024: Ryan and Sam share how market participants are now accepting this is a Bull Market, although skepticism remains.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2024.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at704.571.7173 jane.m.nicolas@wfa.com or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
In this episode: Ryan and Sam talk of staying the course in US equity markets as new highs are being reached.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2024.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at704.571.7173 jane.m.nicolas@wfa.com or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
There are special risks associated with investing in preferred securities. Preferred securities generally offer no voting rights with respect to the issuer. Preferred securities are generally subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
In this episode: Ryan and Sam talk equity market highs, interest rates, gold, real estate, and, of course, some March Madness basketball.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2024.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at704.571.7173 jane.m.nicolas@wfa.com or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
There are special risks associated with investing in preferred securities. Preferred securities generally offer no voting rights with respect to the issuer. Preferred securities are generally subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
In this episode: The 282 Group outlines reasons to remain bullish.
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2024.
Sam Pennell, Senior Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
There are special risks associated with investing in preferred securities. Preferred securities generally offer no voting rights with respect to the issuer. Preferred securities are generally subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
Welcome to 2024!
Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2024.
Sam Pennell, First Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
There are special risks associated with investing in preferred securities. Preferred securities generally offer no voting rights with respect to the issuer. Preferred securities are generally subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
Tune into the 282 Group’s Lessons Learned over the past year.Ryan Culpepper, Senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2023.
Sam Pennell, First Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
There are special risks associated with investing in preferred securities. Preferred securities generally offer no voting rights with respect to the issuer. Preferred securities are generally subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
As the year comes to a close, Ryan Culpepper, Senior Vice President - Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors, shares of this truly is a new Bull market, why is it so unloved? He shares his thoughts on the US Equities looking into 2024 and beyond.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
As we close out the year, Sam Pennell, First Vice President - Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors, shares what to take note of, and what may be a mirage of importance for yield and bonds. He shares his thoughts on where income investors should be focused 2024.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
Here at the mid-point of the year, Sam Pennell, First Vice President - Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors, shares why this is the golden hour for yield and bonds. He shares his thoughts on where income investors should be searching for yield in the second half of 2023 in a conversation with his business partner, Ryan Culpepper, Senior Vice President - Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
Here at the mid-point of the year, Ryan Culpepper, Senior Vice President - Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors, shares why most got the equity markets wrong coming into this year. He shares his thoughts on the US Equities looking forward to the second half of 2023 in a conversation with his business partner, Sam Pennell, First Vice President - Investment Officer and PIM Portfolio Manager of the 282 Group.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Ryan Culpepper, senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 2nd quarter 2023.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Staci Mills, CERTIFIED FINANCIAL PLANNER TM Professional, Financial Advisor, of the 282 Group of Wells Fargo Advisors, discusses the investment planning for 2nd quarter 2023.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
1 Distributions are qualified when a designated Roth account has been funded for more than five years and the employee is age 591⁄2, or disabled, or taken by their beneficiaries after the employee’s death.
Wells Fargo & Company and its affiliates do not provide legal or tax advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
This article was written by Wells Fargo Advisors and provided courtesy of Staci Mills, CERTIFIED FINANCIAL PLANNER TM Professional | Financial Advisor in Charlotte, NC at 704.571.7159.
Sam Pennell, First Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors, discusses the bond market for 2nd quarter 2023.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
Sam Pennell, First Vice President-Investment Officer and PIM Portfolio Manager of the 282 Group of Wells Fargo Advisors, discusses the bond market for 1st quarter 2023.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Bond laddering does not assure a profit or protect against loss in a declining market.
There are special risks associated with investing in preferred securities. Preferred securities generally offer no voting rights with respect to the issuer. Preferred securities are generally subordinated to bonds or other debt instruments in an issuer’s capital structure, subjecting them to a greater risk of non-payment than more senior securities. In addition, the issue may be callable which may negatively impact the return of the security. Preferred dividends are not guaranteed and are subject to deferral or elimination.
Duration is an estimate of how a portfolio or bond will react to changes in interest rates, representing the approximate change in price for a 1% change in yield.
Ryan Culpepper, senior Vice President - Investment Officer and PIM portfolio manager of the 282 Group of Wells Fargo Advisors, discusses US Equities for 1st quarter 2023.
Contact us at 704-553-6374, angela.gonzalez@wfa.com, or https://fa.wellsfargoadvisors.com/the-282-group/
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Ryan Culpepper, PIM portfolio manager and lead equity strategist of the 282 Group at Wells Fargo Advisors, discusses US Equities for 4th quarter 2022.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Sam Pennell, PIM portfolio manager and lead fixed income strategist of the 282 Group at Wells Fargo Advisors, discusses the bond market for 4th quarter 2022.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Ryan Culpepper, PIM portfolio manager and lead equity strategist of the 282 Group at Wells Fargo Advisors, discusses US Equities for 4th quarter 2022.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Sam Pennell, PIM portfolio manager and lead fixed income strategist of the 282 Group at Wells Fargo Advisors, discusses the bond market for 4th quarter 2022.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Sam Pennell, PIM portfolio manager and lead fixed income strategist of the 282 Group at Wells Fargo Advisors, discusses the bond market for 2nd quarter 2022.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Ryan Culpepper, PIM portfolio manager and lead equity strategist of the 282 Group at Wells Fargo Advisors, discusses US Equities for 2nd quarter 2022.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Ryan Culpepper, PIM portfolio manager and lead equity strategist of the 282 Group at Wells Fargo Advisors, discusses US Equities for 3rd quarter 2022.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Sam Pennell, PIM portfolio manager and lead fixed income strategist of the 282 Group at Wells Fargo Advisors, discusses the bond market for 3rd quarter 2022.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Sam Pennell, PIM portfolio manager and lead fixed income strategist of the 282 Group at Wells Fargo Advisors, discusses the bond market for 1st quarter 2022.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Ryan Culpepper, PIM portfolio manager and lead equity strategist of the 282 Group at Wells Fargo Advisors, discusses US Equities for 1st quarter 2022.
Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.
Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.
Index returns are not fund returns. An index is unmanaged and not available for direct investment.
The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.